October 30, 2017
- Tax Reform Plan Expected Soon
- FTC Announces Informational Injury Workshop
- New FTC Chair to be Nominated
Tax Reform Plan Expected Soon
House Ways and Means Committee Chairman Kevin Brady, R-Texas, plans to release comprehensive tax reform legislation on Wednesday, November 1. According to the previously released United Framework for Fixing Our Broken Tax Code,
the corporate tax rate will be lowered to 20% and many “special
exclusions and deductions will be repealed or restricted.” The Chairman
has not said which deductions would be limited, or more specifically,
whether the advertising deduction will be targeted.
the release of the Chairman’s plan will not be until after the
publication of this issue of the Government Report, look for a special
issue of the Report the week of November 6.
FTC Announces Informational Injury Workshop
The Federal Trade Commission has issued a public notice
announcing a December 12, 2017 workshop to examine potential injuries
consumers may suffer when information about them is misused. Among the
questions to be addressed are:
What are the qualitatively different types of injuries from privacy and data security incidents?
What frameworks might we use to assess these different injuries? How do we quantify injuries?
do businesses evaluate the benefits, costs, and risks of collecting and
using consumer information in light of potential injuries? How do
consumers evaluate the benefits, costs, and risks of sharing information
in light of potential injuries?
AAF and our allied trade associations have filed comments
with the Commission reminding them of the benefits of responsible data
practices which help to deliver goods and services to consumers and fuel
economic growth. The comments argue “that legal frameworks in the
privacy and security arenas should address specific, concrete injuries
that cause or are likely to cause substantial injury to consumers, which
are not reasonably avoidable by consumers themselves, and are not
outweighed by countervailing benefits to consumers or to competition.”
The Digital Advertising Alliance, the AAF supported self-regulatory program for online advertising also filed comments.
New FTC Chair to be Nominated
White House has announced that Joseph Simons will be nominated to be
the next Chairman of the Federal Trade Commission. Simons is an expert
in competition law and is co-chair of the antitrust practice and the
Paul Weiss law firm. Simons previously served at the FTC as the director
of the Commission’s competition bureau during the George W. Bush
White House also announced that Rohit Chopra, a former senior official
with the Consumer Financial Protection Bureau will be nominated as a
Commissioner in an open Democratic position.
Acting Chairman Maureen Ohlhausen, a Republican, and Terrell McSweeny, a
Democrat are the only two commissioners on what is normally a five
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The AAF protects and promotes advertising at all levels of government through grassroots activities. Our nation-wide network monitors advertising-related legislation on local, state and federal levels. We put our members face-to-face with influential lawmakers while encouraging self-regulation as a preemptor to government intervention, when appropriate of course. To learn more about our advocacy efforts, click here.