Employees who are considering reporting wrongdoing by their employers to the Federal Trade Commission (“FTC”) may get some added incentives and protection if a proposed whistleblower bill becomes law.
The proposed FTC Whistleblower Act of 2021 (the “Bill”) was introduced in the House of Representatives on November 30, 2021, by Congresswoman Jan Schakowsky (D-IL) and Congresswoman Lori Trahan (D-MA). Here are some essential facts about it would mean for potential whistleblowers and their employers.
What is its status?
After it was introduced in the House, it was referred to two Committees: (1) the Committee on Education and Labor, and (2) the Committee on Energy and Commerce, Subcommittee on Consumer Protection and Commerce. It still needs to undergo committee review before a vote in the House.
What does the Bill propose to do?
The Bill establishes protections (from retaliation) and incentives for whistleblower who come forward with information about violations of consumer protection and antitrust laws and regulations that are under the purview of the Federal Trade Commission.
Examples of violations of antitrust laws include price-fixing, bid-rigging and market allocation schemes. Examples of violations of consumer protection laws include unfair and deceptive advertising practices and consumer scams.
Who are the whistleblowers covered by the Bill?
They could be current or former full-time, part-time or temporary employees, contractors, subcontractors, grantees, subgrantees,...
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