Consumer Protection Act

[AI summary unavailable — showing source text] Consumer Protection Act - Finds that the interests of consumers are inadequately protected within the Federal Government, and are essential to the fair and efficient functioning of a free market economy. Creates the Office of Consumer Protection, independent of the President and of the executive departments, and under the control and direction of the Consumer Counsel of the United States. Directs the President to appoint the Consumer Counsel and his Assistant, each with the advice and consent of the Senate, to hold office for a term of 15 years. Gives Congress the right to remove the Counsel or the Assistant at any time by joint resolution after notice and hearing when either has been inefficient or permanently incapacitated or guilty of neglect of duty, or for cause. Requires the retirement of the consumer Counsel or the Assistant at the age of 70 years. Allows an annuity after serving 10 years in office. Forbids any employee of the Office of Consumer Protection from engaging in other business inconsistent with his official responsibilities under this Act. Outlines the general authority of the Consumer Counsel, and makes him subject to the Civil Service and classification laws. Di…