Thursday, February 29, 2024

Bills Introduced – 2-28-24

Yesterday, with the House and Senate in session, there were 29 bills introduced. One of those bills will receive additional attention here:

HR 7463 Extension of Continuing Appropriations and Other Matters Act, 2024 Granger, Kay [Rep.-R-TX-12] 

HR 7463 will move tomorrow’s deadline for four spending bills to the following Friday and move the deadline for the remaining spending bills from next Friday to March 22nd, 2024. This is a relatively clean CR in that the only other provision has to do with changes in the Free Application for Federal Student Aid (FAFSA) program.

Mention in Passing

I would like to mention an interesting bill introduced yesterday in the Senate:

S 3819 A bill to direct the Federal Trade Commission to issue regulations to establish shrinkflation as an unfair or deceptive act or practice, and for other purposes. Casey, Robert P., Jr. [Sen.-D-PA]

While I personally find the process of reducing package size as an alternative to price increases to be a dubious business practice, as it readily becomes apparent to most consumers after the first purchase, I do not think that it rises to the level of concern that it should become a federal crime. Its negative effect on brand loyalty should be punishment enough.

Of course, I doubt that either Casey or his staff really intend for this bill to become law, but its introduction sure makes for good publicity. Maybe Congress should make such legislative efforts illegal campaign practices. 

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