All of your hard work on protecting your profession from the requirements of the FTC’s Red Flags Rule is paying off.

The agency today announced that it would extend the moratorium on enforcement of the rule until June 1, 2010. The current moratorium ends Sunday.

The ADA succeeded in getting Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, to sign on to a letter to FTC Chairman Jon Leibowitz, urging him to enact another enforcement delay.

On another front, Senate leaders have told us that next week they will bring the House version of legislation exempting small businesses from the Red Flags Rule to the floor under “unanimous consent.” In other words, the bill is likely to pass unopposed.

Given that the FTC has announced that it supports the legislation, we expect the president will sign it immediately, thereby eliminating the threat of a new regulatory burden from most dental practices.
We are convinced that neither the FTC nor lawmakers would have responded to this looming problem without a push from the tens of thousands of dentists who contacted their representatives in Congress.

Thank you for all that you do on behalf of our profession.

Sincerely,

Ronald L. Tankersley, D.D.S.
President