Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Aug. 17, 2021

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Thu Jul 01 17:22:31 +0000 2021

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Brian Fung | @[email protected] @b_fung

The Obama-era policy statement committed the FTC to prioritizing "consumer welfare" in the cases it brought under Section 5 of the FTC Act, in which Congress told the FTC to police "unfair methods of competition." FTC Chair Lina Khan argues the statement tied agency hands. — PolitiTweet.org

Posted July 1, 2021

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Brian Fung | @[email protected] @b_fung

NEW: The FTC has voted 3-2 to rescind a 2015 policy document that restricted how officials could bring cases against alleged antitrust violators. The vote means more corporate conduct may become subject to FTC investigations and lawsuits. — PolitiTweet.org

Posted July 1, 2021

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Brian Fung | @[email protected] @b_fung

"Withdrawing the 2015 statement is only the start of our efforts to clarify the meaning of Section 5 and apply it to today's markets," Khan said today, adding that in coming months the FTC will consider whether to issue new guidance saying what practices will "warrant scrutiny." — PolitiTweet.org

Posted July 1, 2021