Dear Chair Khan:

I am writing to ask that the Federal Trade Commission consider using all of its available tools and authorities to actively monitor the infant formula market and address any illegal conduct that may be contributing to scarcity and hoarding as well as study whether rural or smaller retailers are being put at a disadvantage.

The supply of infant formula in the country has tightened over the last several weeks after the voluntary recall of products from one of the Nation’s largest production facilities.  Retailers have largely and responsibly refused to hike prices on infant formula for young families, recognizing this good is critical to the health of children.  Many retailers have taken the important step of limiting the number of infant formula containers someone can buy at one visit to prevent hoarding.  This action has also helped to prevent predatory behavior by potential third party sellers who might try to take advantage of families.

Nevertheless, temporary shortages like this one create an environment where unscrupulous profiteers could try to purchase infant formula at regular prices at retail outlets and resell it at an exorbitant markup to families that cannot find formula, including through digital platforms.  This not only takes advantage of families’ desperation for formula, but generates market scarcity that could contribute to empty store shelves for formula at trusted distributors and retailers.  There have already been reports of such behavior in the media.

It is unacceptable for families to lose time and spend hundreds of dollars more because of price gougers’ actions.  I therefore ask that the Commission further examine whether there is price gouging in infant formula occurring, thoroughly investigate complaints brought to you through channels such as your fraud hotline, and that you bring all of the Commission’s tools to bear if you uncover any wrongdoing.  We know State attorneys general are also examining this issue and may be valuable partners in this effort.

more from the pavlovic today

Boris Johnson Knew He Should Not Be Asking Richard Sharp For Financial Advice

The Sunday Times published a leaked document from December 2020, advising then Prime Minister Boris Johnson to “no longer ask Richard Sharp’s advice about your personal financial matters.” According to the memo, officials warned Johnson in December 2020. Sharp, the second largest shareholder in Oncimmune and Johnson’s preferred candidate, was appointed the BBC Chairman in…

Keep reading

Biden’s schedule for January 27, 2023 is out

EST9:00 AM President Biden receives the Presidential Daily Briefing                           5:30 PM President Biden departs the White House en route Camp David Briefing Schedule1:30 PM   Press Briefing by Press Secretary Karine Jean-Pierre

Keep reading

Is The UK Doing Enough To Help Ukraine?

John Healey, Labour MP and Shadow Defense Secretary, told Sky News that the West is doing “much of what Ukraine is asking for” regarding financial and military support. Talking to Sky News, Healey said that Germany’s recent decision to send 14 Leopards and two tanks to Ukraine “allows other countries to move together to support…

Keep reading

Biden’s schedule for January 26, 2023 is out

EST 9:00 AM President Biden receives the Presidential Daily Briefing 11:40 PM President Biden departs the White House en route Springfield, Virginia 2:45 PM   President Biden delivers remarks on our economic progress since taking office 5:30 PM  President Biden hosts a Lunar New Year Reception

Keep reading

Biden Approves Sending Of 31 M-1 Abrams Tanks To Ukraine

In his remarks from the Roosevelt Room on Wednesday, President Biden announced the US would send 31 M-1 Abrams tanks to Ukraine. “They need an enduring capability to deter and defend from Russian aggression,” said Biden. The President said the US would give Ukraine the parts and training needed to use the M1 Abrams. “Delivering…

Keep reading

Newsroom—ThePavlovicToday.com

Newsroom at The Pavlovic Today

Leave a comment

Your email address will not be published. Required fields are marked *