Word: ftc
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Dates: during 1980-1989
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...Chevrolet plant outside San Francisco. When it was announced last February, the plan provoked cries of alarm from rival car manufacturers and set off an intensive Federal Trade Commission review. Last week, after GM and Toyota signed an agreement stating that they would abide by U.S. antitrust laws, the FTC gave the green light to the venture...
...accounts for 60% of all U.S. sales of American-made cars, while Toyota has 25% of the market for imports. "I don't care what kind of fig-leaf consent order they try to cover it up with," said Chrysler Chairman Lee lacocca after last week's FTC decision. "It's not right, and I will do everything in my power to see that the American public gets a clear picture of just how wrong...
...representative's office, you have Bill Brock negotiating with the Japanese about a fourth year of protection from Japanese imports of automobiles. Simultaneously, you have Elizabeth Dole at the Department of Transportation developing a new scheme for auto airbags. Now we get into interesting questions: what criteria' should the FTC, Bill Brock, and Elizabeth Dole use to make the decision that they're going to make with regard to the automobile industry...
...sweaty, dirty, two-ton gorilla with a bad case of halitosis," trumpeted Texas Delegate Frank Jones Jr. "They're asking you to dance with it. I'm saying, don't do it." His colleagues took his message, if not his metaphor. They opposed more FTC oversight by an overwhelming voice vote...
Regulatory Agencies. All Federal Election Commission regulations have been subject to unilateral veto by either the House or Senate. Any Federal Trade Commission ruling could be disapproved by majority vote of both houses. Last year Congress was persuaded by intense lobbying to veto an FTC regulation that required used-car dealers to tell customers about defects...