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B-336183 Apr 03, 2024 1 (2024-04-03)

handle is hein.gao/gaoqcv0001 and id is 1 raw text is: U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 B-336183 April 3, 2024 The Honorable Maria Cantwell Chair The Honorable Ted Cruz Ranking Member Committee on Commerce, Science, and Transportation United States Senate The Honorable Cathy McMorris Rodgers Chair The Honorable Frank Pallone, Jr. Ranking Member Committee on Energy and Commerce House of Representatives Subject: Federal Trade Commission: Combating Auto Retail Scams Trade Regulation Rule Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Federal Trade Commission (FTC) titled Combating Auto Retail Scams Trade Regulation Rule (RIN: 3084-AB72). We received the rule on March 19, 2024. It was published in the Federal Register as a final rule on January 4, 2024. 89 Fed. Reg. 590. The rule has a stated effective date of July 30, 2024. However, in its submission to us, FTC stated that the effective date of this final rule is currently stayed pending court proceedings. According to FTC, this final rule is related to the sale, financing, and leasing of covered motor vehicles by covered motor vehicle dealers. FTC stated that the final rule, among other things, prohibits motor vehicle dealers from making certain misrepresentations in the course of selling, leasing, or arranging financing for motor vehicles, requires accurate pricing disclosures in dealers' advertising and sales communications, requires dealers to obtain consumers' express, informed consent for charges, prohibits the sale of any add-on product or service that confers no benefit to the consumer, and requires dealers to keep records of certain advertisements and customer transactions. Enclosed is our assessment of FTC's compliance with the procedural steps required by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule. If you have any questions about this report or wish to contact GAO officials responsible for the evaluation work relating to the subject matter of the rule, please contact Shari Brewster, Assistant General Counsel, at (202) 512-6398. Shirley A. Jones Managing Associate General Counsel

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