News > Press Releases

CEA Tells FTC Sharing Economy Platforms Thrive Under Light Regulatory Touch

Arlington, VA – August 4, 2015 – 
Today, the Consumer Electronics Association (CEA)® filed written comments with the Federal Trade Commission (FTC) in response to June’s workshop, “The ‘Sharing’ Economy: Issues Facing Platforms, Participants, and Regulators”. In the comments, CEA warns against protectionist regulations that stifle innovation through anti-competitive measures and urges regulators to use existing tools to prevent the unfair use of consumer data. 
 
“We believe the Commission should continue to advocate for the removal of unnecessary barriers to competition,” said Gary Shapiro, president and CEO, CEA. “Sharing economy companies leverage the power of Internet connectivity, mobile devices and innovative software platforms to deliver unique and highly beneficial products and services to consumers. Whether they succeed – and other innovators follow – should depend on consumers’ adoption and trust in the platform, not the regulations that govern its activities.
 
“These innovative companies understand that the data shared via their platforms can be sensitive and personal and each takes the obligation to secure data seriously. The Commission’s existing, case-by-case evaluation of potential privacy and security threats provides companies the flexibility to innovate while protecting consumers.”
 
To view the comments, click here.
 
About the Consumer Technology Assocation

The Consumer Electronics Association (CEA) is the technology trade association representing the $285 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative and regulatory advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at CE.org, InnovationMovement.com and through social media.

Tagged

Related