Federal Trade Commission Amendments Act of 1982

[AI summary unavailable — showing source text] Federal Trade Commission Amendments Act of 1982 - Amends the Federal Trade Commission Act to define "unfair acts or practices" as those causing substantial injury to consumers which are not reasonably avoidable by them nor outweighed by countervailing benefits to them or to competition. Makes the State action doctrine applicable to Commission authority over unfair methods of competition. Exempts from the authority of the Federal Trade Commission (FTC) State laws or regulations prescribing the scope of practice of any State-licensed professional. Repeals the authority of the FTC to award participation costs in rulemaking proceedings. Establishes a $1,000,000 limit on civil penalties assessed by the Commission. Permits civil penalty actions to be based only on cease and desist orders, but not consent agreements as currently provided. Permits a defendant to seek review of the Commission's determination that an act or practice was unfair or deceptive, which formed the basis of a cease and desist order against a former defendant. Continues, with modification, the congressional veto procedures governing Commission regulations. Requires the Commission, before issuing any remedial requirem…