"Sen. Casey and Biden Take Aim at Shrinkflation in Household Products and Food Packaging"

Senator Bob Casey, D-Pa., has introduced the Shrinkflation Prevention Act of 2024 to combat the practice of shrinkflation, where companies reduce the size of consumer goods while maintaining the same price. The bill gives the Federal Trade Commission and state attorneys general the authority to crack down on such practices and requires companies to provide warnings on packages when they reduce the size or weight of a product but charge the same price. Critics argue that the bill goes too far by telling companies how to package their products, while supporters emphasize the need to hold corporations accountable for deceptive practices.