In a recent development, Andrew Ferguson and Melissa Holyoak have been confirmed as the latest members of the Federal Trade Commission (FTC), setting the stage for potential shifts in digital advertising regulations. As the spotlight intensifies on FTC priorities, nationwide small business coalition Internet for Growth is calling on the newly appointed commissioners to prioritize the protection of digital advertising for small enterprises.
Expressing felicitations to Commissioners Ferguson and Holyoak, Brendan Thomas, Executive Director of Internet for Growth, emphasized the crucial role digital advertising plays in fostering millions of startup opportunities, generating employment, and fueling economic growth. “With digital advertising issues taking center stage, we urge the commissioners to recognize its significance, especially for small businesses,” stated Thomas. “Digital advertising not only saves time and money for Americans but also fosters competition, choice, and inclusivity across diverse backgrounds.”
The coalition has underscored the indispensable nature of digital advertising for small businesses, cautioning against sweeping internet regulations that could jeopardize their ability to compete with larger corporations. In an open letter to the FTC, representatives from various sectors including retail, real estate, and publishing have highlighted their reliance on cost-effective digital advertising and marketing tools. They fear that proposed regulations, particularly the Advanced Notice of Proposed Rulemaking on Commercial Surveillance and Data Security, could disrupt their operations significantly.
Amidst the challenges posed by COVID-19 and inflation, small businesses are facing unprecedented hurdles, making the efficiency of digital advertising all the more critical. “Proposed changes could diminish the effectiveness of digital advertising, leading to increased costs and potential loss of customers, which would be devastating for many small businesses and the millions of Americans they employ,” the letter emphasizes.
Internet for Growth is optimistic that the addition of new commissioners will foster a balanced approach towards digital advertising. Rejecting the portrayal of digital advertising as ‘commercial surveillance,’ the coalition stresses its pivotal role in facilitating accessible online communications and commercial services. In advocating for digital advertising at the FTC, Internet for Growth has also actively engaged with Congress, advocating against bills that could hinder personalized advertising, such as the Banning Surveillance Advertising Act.
Moreover, the coalition is pushing for national data privacy legislation to streamline existing state laws, ensuring equitable treatment for small businesses. Concerns have also been raised regarding bills like the AMERICA Act, which could dismantle advertising networks crucial for small publishers to earn income.
As the debate over digital advertising regulations intensifies, the fate of small businesses hangs in the balance. With Commissioners Ferguson and Holyoak assuming their roles, all eyes are on the FTC to strike a delicate balance between consumer protection and the vitality of small enterprises in the digital age.
