Consumer protection

Definition and stakes

Portrait of Bill Clinton Bill Clinton,  Proclamation 6843

“ Consumer protections such as fair pricing and product safety rules are more necessary than ever to ensure that all of us are able to fully and fairly participate in a free enterprise system that encourages competition, productivity, and innovation. These protections have evolved alongside the remarkable expansion of the world economy. In 1962, President John F. Kennedy clarified the importance of consumer protection in a Special Message to Congress that has become known as the Consumer Bill of Rights. ”
Source: Wikisource

Portrait of Barack Obama Barack Obama,  Proclamation 8347: National Consumer Protection Week…

“ Federal, State, and local agencies; private sector organizations; and consumer advocacy groups band together to encourage Americans to learn about the protections the law affords and to take full advantage of the resources available for consumers of every age. This year's theme for National Consumer Protection Week, "Nuts & Bolts: Tools for Today's Economy," focuses on the basic information consumers need as they face the opportunities and pitfalls of the marketplace. Every day, consumers make tough choices about saving, investing, and spending their hard-earned money. ”
Source: Wikisource

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