Consumer Protection Act

Consumer Protection Act - Establishes as an independent agency within the executive branch of the Government the Consumer Protection Agency. States that the Agency shall be headed by an Administrator who shall be appointed by the President, by and with the advice and consent of the Senate.

Requires the Administrator to transmit to the Congress and the President in January of each year a report which shall include a comprehensive statement of the activities and accomplishments of the Agency during the preceding calendar year including a summary of consumer complaints received and actions taken thereon and such recommendations for additional legislation as he may determine to be necessary or desirable to protect the interests of consumers within the United States.

Directs the Agency, in the performance of its functions, to advise the Congress and the President as to matters affecting the interests of consumers; and to protect and promote the interests of the people of the United States as consumers of goods and services made available to them through the trade and commerce of the United States.

States that the functions of the Agency shall be to: (1) represent the interests of consumers before Federal agencies and courts to the extent authorized by this Act; (2) encourage and support research, studies, and testing leading to a better understanding of consumer products and improved products, services, and consumer information; and (3) submit recommendations annually to the Congress and the President on measures to improve the operation of the Federal Government in the protection and promotion of the interests of consumers.

Directs the Agency to receive, evaluate, develop, act on, and transmit complaints to the appropriate Federal or non-Federal entities concerning actions or practices which may be detrimental to the interests of consumers.

Requires the Agency to maintain a public document room containing an up-to-date listing of all signed consumer complaints of any significance for public inspection and copying which the Agency has received, arranged in meaningful and useful categories, together with annotations of actions taken by it. Directs the Agency to investigate and report to Congress on the desirability and feasibility of establishing a National Consumer Information Foundation which would administer a voluntary, self-supporting, information tag program. Provides for the gathering of information by the Administrator, with specified exceptions, including national security information and trade secrets. Sets limitations on the disclosures the Agency may make to the public or to any State or local agency.

Defines the terms used in this Act. Authorizes to be appropriated such sums as may be required to carry out the provisions of this Act.