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The Shrinkflation Reduction Act directs the Federal Trade Commission to issue regulations requiring manufacturers to label consumer products with disclosure of shrinkflation—the practice of reducing product size or quantity without proportionally lowering the price. The FTC must promulgate these regulations within one year, and violations would be treated as unfair or deceptive trade practices enforceable under the Federal Trade Commission Act. The bill authorizes $1 million for implementation.
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