article The metal processing industry is a multi-billion dollar industry with thousands of jobs.
That’s why the industry has become so highly regulated.
The Federal Trade Commission (FTC) has long had its sights set on the metal processing sector, but it was never going to be able to stop metal processing from moving forward.
That changed in January, when the FTC opened a probe into metal processing in North Carolina.
In an announcement at the time, the FTC noted that the state’s legislature had passed a bill that allowed the companies involved in metal processing to be exempt from its anti-trust regulations.
The agency announced that it would sue to stop the legislation.
The state legislature subsequently signed into law an anti-monopoly law.
The FTC is now investigating whether North Carolina’s new law violates the agency’s anti-unfair competition statute.
It is also investigating whether the law is a “monopoly” that harms competition in the state.
“The Commission has a responsibility to ensure that the marketplace is free from undue barriers to competition,” the FTC said in a statement announcing the new investigation.
“North Carolina’s proposed law violates that commitment and it is imperative that the FTC vigorously pursue this matter.”
The FTC also said that the law “could potentially result in significant costs to the industry.”
“The potential costs of litigation are high,” it said.
The North Carolina bill, signed by Governor Pat McCrory in March, allowed the owners of metal processing facilities to deduct the costs of the process from their annual tax bills.
The law has been met with controversy.
“This is not a tax on anyone,” North Carolina state Senator Michael Houser, a Republican, told the Associated Press.
“It’s a tax only on the company that is doing the job.”
The legislation also exempted metal processing companies from state anti-fraud laws, including the state Consumer Protection Bureau, which investigates complaints about consumer protection products and services.
Critics of the law say it would allow large corporations to avoid the FTC’s scrutiny by not filing a report with the agency.
The legislation, called the “Right to Work” bill, has been the subject of a wide range of legal challenges, including a lawsuit filed in 2016 by the Center for Media and Democracy.
In October, a federal judge in the Southern District of New York ruled that the “right to work” law does not violate the FTC Act, which prohibits “unfair discrimination” in the operation of public goods and services and prohibits discrimination in the distribution of federal and state benefits, according to the New York Times.
The New York Supreme Court, however, upheld the lower court’s ruling in a case filed by the Consumer Federation of America, a nonprofit advocacy group.
A spokesperson for the National Mining Association told Business Insider that the company was “pleased” by the ruling and would “consider the court’s decision as we prepare for the appeal.”