Please be advised: This event will premiere LIVE on this page at 12:00 p.m. EDT, Monday, December 14.
Join Hudson for a conversation with John J. Vecchione, moderated by Hudson Senior Fellow Harold Furchtgott-Roth, discussing the prospects of this extraordinary power which allows the FTC to seize billions in assets every year.
For many years, the Federal Trade Commission has asserted the right under Section 13(b) of the FTC Act to freeze all of the assets of a company or individuals it accuses of deception or other wrongful act. These injunctions are routinely granted by courts and founded on the premise that the assets will be seized by the FTC at the close of litigation. Recently, courts in the 7th and 3rd Circuits have ruled that Section 13(b), by its terms, confers no such power on the FTC. Currently before the Supreme Court is AMG Capital Management v. FTC et al. No. 19-508, reviewing the 9th Circuit’s confirmation of this power.
Mr. Vecchione is a Senior Litigation Counsel for the non-profit New Civil Liberties Alliance (“NCLA”), representing clients against the Administrative State. He was previously President and CEO of the non-profit Cause of Action Institute, where he also advanced constitutional order. Mr. Vecchione filed an amicus brief on behalf of the Petitioners in the AMG Capital Management case before the Supreme Court, which can be found here.