On August 26, 2022, the FTC published its FY 2022-2026 Strategic Plan and its FY 2021-2023 Performance Report and Performance Plan as required under the GPRA Modernization Act of 2010. The Strategic Plan sets the FTC’s priorities over the next years and will serve as the foundation for annual performance reporting, while the Annual Performance Plan establishes strategies and targets based on the new Strategic Plan.

According to the FTC, the new strategic plan keeps the same three-goal structure of the previous plan, as follows, while making numerous improvements:

Strategic Goal 1: Protect the public from unfair or deceptive acts or practices in the marketplace.
Strategic Goal 2: Protect the public from unfair methods of competition in the marketplace and promote fair competition.
Strategic Goal 3: Advance the FTC’s effectiveness and performance.

Read the FTC’s announcement here.

The FTC’s Strategic Plan for Fiscal Years 2022-2026 can be found here.

The FTC’s FY 2021-2023 Performance Report and Performance Plan can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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