House Bill 2677
117th Congress(2021-2022)
TIME Act
Introduced
Introduced in House on Apr 20, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2677
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Technological Innovation through Modernizing Enforcement Act or the TIME Act
This bill limits to a maximum of eight years the duration of consent orders entered into by the Federal Trade Commission.
Further, a consent order that is not related to fraud and is effective for more than five years must include a clause requiring the commission to evaluate the order after five years and terminate the order if it no longer serves its purpose. If an entity has been subject to such a consent order for at least five years, it may petition the commission to terminate the order.
April 20, 2021
04/21/2021
Referred to the Subcommittee on Consumer Protection and Commerce.
04/20/2021
Referred to the House Committee on Energy and Commerce.
04/20/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 7:58:48 PM