FTC Chairman emphasizes tax responsibility and consumer protection in house statements

The chairman of the Federal Trade Commission (FTC), Andrew N. Ferguson, appeared today before the financial services of the House Appropriations Committee and the Sub -Committee of the General Government to describe the performance of the agency in the 2025 year and the priorities for the 2026 financial year.

According to an explanation, Ferguson emphasized the commitment of the FTC to ensure a strong value to the American taxpayers. He quoted that the agency gave more than $ 333 million back to consumers in the 2024 financial year-a number that represents almost two thirds of its annual operating budget. This showed the effectiveness of the FTC when using resources in order to protect the public from fraud and maintain competitive markets.

According to an explanation, Ferguson also emphasized the efforts of the FTC to work with increasing efficiency in agreement with the aim of President Trump, to reduce the greatness of the federal government. The recent cost reduction measures included the reductions of the workforce and other operational savings, all of which were made, while the agency's nuclear focus was maintained on consumer protection and antitrust law.

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Despite the cuts, the testimony stated that the continued importance of storage was maintained sufficiently to ensure that the FTC can meet its mission. According to the declaration, the agency remains active on several consumer protection fronts – from combating illegal telemarketing and fraud systems that are aimed at older adults and service members, to combating the deception, cancellation problems and violations of the data protection data.

In the competitive front, FTC prioritizes measures against competitive behaviors, in particular initiated by dominating market participants whose practices have widespread effects. According to an explanation, the agency focuses on identifying and challenging structural and behavioral practices that undermine fair competition in important industry.

Source: FTC