The Junk Fee Prevention Act, introduced in April 2023, targets excessive fees imposed on consumers. It aims to make businesses disclose all fees upfront. The Federal Trade Commission and Federal Communications Commission will enforce new rules.
Consumer groups support the bill, as junk fees burden consumers and hinder informed choices. Some businesses also back the bill, seeing it as a way to level the playing field.
Despite support, Congress has yet to pass the Junk Fee Prevention Act. Still, it reflects the Biden administration’s commitment to protecting consumers from such fees.
Additionally, the administration addresses junk fees in the rental housing market. A new initiative demands landlords disclose all fees upfront and stop excessive charges.
Furthermore, the Biden administration cracks down on price-fixing in the food and agricultural markets. A task force investigates meatpacking industry price-fixing and other markets.
These actions aim to promote competition and protect consumers. By reducing the power of big businesses, consumers can compare prices more easily, leading to better goods and services.
