FTC Publishes New Strategic Plan, Performance Plan, and Performance Report

The Federal Trade Commission has 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 FTC Strategic Plan for Fiscal Years 2022-2026 sets the FTC’s priorities over the next five years and will serve as the foundation for annual performance reporting. The new plan was drafted after a thorough review of the agency’s goals, strategies, and metrics. Stakeholder feedback was accepted during a public comment period last fall. The new plan keeps the same three-goal structure of the previous plan, while making numerous improvements. For example, two new objectives ensure that the work of the agency benefits all Americans, including those who live in historically underserved communities.

The FY 2021 Annual Performance Report documents FTC’s performance during FY 2021, based on the goals and metrics set in the Strategic Plan for FY 2018-2022. The FY 2022-2023 Annual Performance Plan establishes strategies and targets based on the new Strategic Plan for FY 2022-2026.

The Commission vote to publish the FY 2022-2026 Strategic Plan was 3-1-1, with Commissioner Christine S. Wilson voting no and issuing a separate dissenting statement, and Commissioner Noah Joshua Phillips not participating. Chair Lina M. Khan also issued a separate statement, in which she was joined by Commissioner Rebecca Kelly Slaughter and Commissioner Alvaro M. Bedoya.

The Commission vote to submit the FY 2021-2023 Performance Report and Performance Plan to Congress was 3-1-1, with Commissioner Christine S. Wilson voting no and Commissioner Noah Joshua Phillips not participating.