Democrats Propose Bill to Crack Down on 'Shrinkflation'
• Democrats introduced a bill to crack down on "shrinkflation", when companies reduce product sizes but keep prices the same
• They want the FTC to develop regulations calling shrinkflation an unfair/deceptive practice
• The FTC & state attorneys general could then pursue civil actions and fines against companies doing this
• The bill aims to ensure shoppers "get every ounce they pay for", though it likely lacks bipartisan support to pass
• Shrinkflation is most common in household goods like paper towels and snacks like chips, as companies try to avoid raising prices