Senator Casey Targets 'Shrinkflation' With New Bill to Empower FTC

• Senator Bob Casey has proposed legislation to combat "shrinkflation", which is when companies sneakily put less product in packaging while keeping prices the same.

• Shrinkflation is seen by many as a deceptive practice and rip-off of consumers who expect to get what they pay for.

• Casey wants to give the Federal Trade Commission more power to investigate potential price gouging and shrinkflation by companies.

• Casey believes the Biden administration needs to continue showing how it is working to reduce costs for American families struggling with inflation.

• Casey sees "greed-flation" among corporations as a major driver of rising prices, with corporate profits up far more than the inflation rate.