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Is that a generally accepted interpretation, or one of the current administration? Republican administrations generally interpret regulatory power much more nar
by forapurpose 9y ago
Is that a generally accepted interpretation, or one of the current administration? Republican administrations generally interpret regulatory power much more narrowly.
- rayiner 9y agoAside from being what the statute says, it's a longstanding interpretation. See page 605: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2312913 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2312913. > With limited powers and resources, the FTC could have become largely ignored by companies. Indeed, the FTC lacks the general authority to issue civil penalties and rarely fines companies for privacy-related violations under privacy-related statutes or rules that provide for civil penalties. Absent such grounds for issuing a civil penalty, the FTC is limited to fining companies under a contempt action for violating a settlement order.