,,ii #aahth ,,congress #ast ,session ,s4 #cjad ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,october #d1 #bjbc,mr4 ,moran 7for himself and ,mr4 ,manchin7 introduced the following bill2 which was read twice and referred to the ,committee on ,commerce1 ,science1 and ,transportation ,a ,,bill ,to establish requirements for the ,federal ,trade ,commission with respect to certain rules related to automotive retailing1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,federal ,trade ,commission ,review of ,expensive and ,detrimental ,overregulation ,act or the ,,ftc ,,redo ,act4 #b4 ,motor ,vehicle ,dealers ,trade ,regulation ,rule 7a7 ,prohibition ,the ,commission may not finalize1 implement1 or enforce a covered proposed rule unless the ,commission satisfies the requirements described in subsection 7b71 and any other requirements applicable under ,federal law1 with respect to the covered proposed rule4 7b7 ,requirements for covered proposed rules 7#a7 ,requirements for issuance ,at least #cj days before publishing in the ,federal ,register a notice of proposed rulemaking with respect to a covered proposed rule1 the ,commission shall-- 7,a7 complete-- 7i7 a quantitative study on automotive retailing that-- 7,i7 uses a statistically valid national sample size of purchasers and lessees of motor vehicles from motor vehicle dealers2 7,,ii7 is noticed and subject to public comment for a period of not less than #cj days before publication2 7,,iii7 is peer reviewed by an independent third party with knowledge of automotive retailing2 and 7,,iv7 determines whether there is quantitative evidence of a prevalence of unfair or deceptive practices in automotive retailing that supports the necessity of the covered proposed rule2 7ii7 quantitative consumer testing that-- 7,i7 uses a statistically valid national sample size of purchasers and lessees of motor vehicles from motor vehicle dealers2 7,,ii7 is noticed and subject to public comment for a period of not less than #cj days before publication2 and 7,,iii7 determines whether new mandates1 including disclosures1 under the covered proposed rule would-- 7aa7 enhance consumer understanding1 education1 and protection2 and 7bb7 not unduly impair legitimate business activity1 including as compared to alternative approaches that may provide similar benefits2 and 7iii7 a detailed economic analysis of the costs and benefits of the covered proposed rule that-- 7,i7 is noticed and subject to public comment for a period of not less than #cj days before publication2 7,,ii7 is peer reviewed by an independent third party with knowledge of automotive retailing from the perspective of consumers and motor vehicle dealers2 7,,iii7 includes an assessment of the costs for consumers and small businesses1 including as a result of new disclosures and paperwork2 and 7,,iv7 compares the mandates of the covered proposed rule to more targeted and less burdensome alternatives that achieve similar benefits2 and 7,b7 submit to the ,committee on ,energy and ,commerce of the ,house of ,representatives and the ,committee on ,commerce1 ,science1 and ,transportation of the ,senate a copy of the covered proposed rule and the results of the study1 testing1 and analysis conducted under subparagraph 7,a74 7#b7 ,requirements for finalization ,the ,commission may only finalize1 implement1 or enforce a covered proposed rule-- 7,a7 if-- 7i7 an advance notice of proposed rulemaking with respect to the covered proposed rule was published in the ,federal ,register2 7ii7 a notice of proposed rulemaking with respect to the covered proposed rule that includes the results of the study1 testing1 and analysis conducted under paragraph 7#a77;,a7 was published in the ,federal ,register2 and 7iii7 the covered proposed rule was open for public comment for a period of at least #abj days2 and 7,b7 if the duties1 disclosures1 penalties1 and other mandates imposed by the covered proposed rule apply equally to franchised1 independent1 and direct sellers of automobiles4 7c7 ,definitions ,in this ,act3 7#a7 ,commission ,the term ,commission means the ,federal ,trade ,commission4 7#b7 ,covered proposed rule ,the term covered proposed rule means-- 7,a7 the proposed rule of the ,commission-- 7i7 titled ,motor ,vehicle ,dealers ,trade ,regulation ,rule2 and 7ii7 published in the ,federal ,register on ,july #ac1 #bjbb 7#hg ,fed4 ,reg4 #dbjab72 and 7,b7 any rule proposed by the ,commission on or after ,september #ab1 #bjbc1 that is similar or related to the proposed rule described in subparagraph 7,a74