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The Federal Trade Commission could become a more powerful watchdog for Internet users under a little-known provision in financial overhaul legislation that would expand the agency's ability to create rules.
An emboldened FTC would stand in stark contrast to a besieged Federal Communications Commission, whose ability to oversee broadband providers has been cast into doubt after a federal court ruled last month that the agency lacked the ability to punish Comcast for violating open-Internet guidelines.
a proposed rule at the FCC would force carriers to treat all Web traffic equally on their networks. That has drawn sharp opposition from broadband service providers
The House financial overhaul bill would make it easier for the FTC to issue rules on privacy that would curtail an advertiser's ability to collect personal data on consumers' Web habits.
"These FTC rules are a big deal and deserve their own debate," said Chris Merida, the director of congressional and public affairs at the Chamber.
Consumer interest groups, however, want to give the FTC greater clout in overseeing Web-related issues. They say online advertisers are gathering personal data about consumers and potentially abusing that information with little federal oversight.
The fund that the good ole Republican Minority Leader Mitch Mcconnell claims will lead to "unlimited bailouts" isn't even tax-payer funded. The banks are taxed themselves to create the $50B fund. Not to mention the institutions use the $50B fund to liquidate the assets, not to "bail it out" as you claim.