those bassar repos at it again

Post #325,584 by boxley 5/3/10 9:59:00 AM Reply	those bassar repos at it again http://www.naturalne...alth_freedom.html Of all the sneaky tactics practiced in Washington D.C., this recent action by Congressman Henry Waxman is one of the most insidious: While no one was looking, he injected amendment language into the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) that would expand the powers of the FTC (not the FDA, but the FTC) to terrorize nutritional supplement companies by greatly expanding the power of the FTC to make its own laws that target dietary supplement companies. a democrat would never do such a thing If we torture the data long enough, it will confess. (Ronald Coase, Nobel Prize for Economic Sciences, 1991)
Post #325,586 by beepster 5/3/10 10:06:01 AM Reply	To be fair he probably is as close as CA could get to sending a R to Washington;-) (ok, not really fair, as their are 19 of 53 from CA) Maybe we can send them Prime Time Charlie too. I will choose a path that's clear. I will choose freewill.
Post #325,596 by jay 5/3/10 11:24:35 AM Reply	Looks like it does go to far The web site you link to is pretty bad. Here is another link to a site opposed to the change but which gives you an idea what the bill actually does: http://www.pinewswir...cial-reform-bill/ The dietary supplement business should be regulated better then it is. Due to some oversights in the regulatory acts and heavy lobbying from the industry, a lot of herbal stuff, dietary supplements and such are basically unregulated. But if description of the changes is correct it goes to far in letting the FTC act without oversight. Jay
Post #325,604 by beepster 5/3/10 12:36:53 PM Reply	So putting it in this bill is sensible how? Washington at its best. It will never pass on its own so attach it to something that will. I will choose a path that's clear. I will choose freewill.
Post #325,605 by Another Scott 5/3/10 1:01:20 PM Reply	The story makes no sense. HR 4173 was passed by the House 12/11/2009. It was referred to a Senate committee on 1/20/2010. Did Waxman suddenly become a Senator? Did he suddenly gain the power to change a bill after it was passed? What on earth is it that Waxman is supposed to have done exactly that caused this kerfuffle in April? Jay's article talks about a WP story of April 26. This appears to be it: http://voices.washin..._stronger_ha.html It doesn't mention Waxman, nor Supplements specifically. The Federal Trade Commission could become more powerful with a provision tucked in the financial reform bill that would expand its rule-making abilities. That has the support of consumer protection groups but has also sent the U.S. Chamber of Commerce and online advertisers scrambling to protest the provision as Senate members deliberate this week over a bill that would overhaul of the financial regulatory system. ÂThe financial troubles of the past year have not been laid at the FTCÂs doorstep, and provisions to expand the commissionÂs authority are out of place in legislation to reform the financial system,Â more than three dozen trade groups, including the U.S. Chamber, wrote in a letter to Senate Majority Leader Harry M. Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) last Friday. Specifically, the provision would make it easier for the FTC to create regulations and step up its enforcement abilities. Currently, the agency acts as an enforcement agency for consumer protections and can create guidelines for business practices that affect many industries such as online advertisers, drug companies and retailers. The provision was included in the financial reform bill to strengthen the FTCÂs oversight of the financial sector. But critics said it would greatly expand the agencyÂs ability to create new rules for other industries such as online advertising. Consumer interest groups, however, support the bill. They say online advertisers are gathering personal data about consumers and potentially abusing that information with little federal oversight of their practices. It sounds to me like some lobby is up in arms and trying to get the little people upset. Until someone can point me to the language in the legislation, and show me how it is so onerous, I'll be unconvinced. FWIW. Cheers, Scott.

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