The chair of the FTC argues that more regulation is necessary as the companies have grown and that tech conglomeration could hurt the economy and consumers.
The chair of the Federal Trade Commission defended her aggressive legal strategy toward the country’s biggest technology companies Thursday as House Republicans charged that the agency has become overzealous and politicized under President Joe Biden.
“Our competition mission is driven by the tenet that vigorous antitrust enforcement is critical to the growth and dynamism of our economy, as well as to our shared prosperity and liberty,” Khan said. “Recent decades, however, have vividly illustrated how Americans lose out when markets become more consolidated and less competitive.”Getty Images
Republicans questioned the wisdom behind aggressive regulation, and whether it could hurt small businesses as well. California Rep. Darrell Issa criticized the FTC’s “left turn” since she took over two years ago. House Judiciary Committee Chairman Jim Jordan, R-Ohio, said that Khan’s oversight of Twitter seems like an “obsession.”
Twitter, now under parent company X Corp., on Thursday ahead of the congressional hearing asked a federal court to end that consent order and “rein in an investigation that has spiraled out of control and become tainted by bias.”after the company had sought her recusal over Khan’s past advocacy against Facebook’s big mergers. They questioned her about whether she had ignored recommendations to do so, citing an internal agency memo.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC Chair Lina Khan, Republicans to Face Off Over Twitter ProbeHouse Republicans and FTC Chair Lina Khan are set to clash Thursday over her agency’s investigation of Elon Musk’s Twitter and what her critics say is an antibusiness agenda
Read more »
As House Republicans dig, here's what we know of Hunter Biden's business web.GOPoversight is sifting through new bank records related to the web of accounts, companies, and business partners that Hunter Biden, James Biden, and other Biden's used to collect millions of dollars from foreign entities starting when Joe Biden was VP.
Read more »
House Republicans tease report claiming DHS chief Mayorkas broke the lawHouse Republicans are gearing up to release a damning report alleging that Homeland Security Secretary Alejandro Mayorkas flouted immigration law by executing the Biden administration’s open-…
Read more »
FBI Director Wray faces grilling from House RepublicansFBI Director Wray faces onslaught of critical questions from Republican members of the House Judiciary Committee amid GOP claims that federal law enforcement agencies have been 'weaponized' against conservatives.
Read more »
FBI Director Chris Wray defends the ‘real FBI’ against criticism from House RepublicansRepublicans are prepared to aggressively question the director on several fronts, including the recent indictment of former President Donald Trump, the ongoing investigation into President Joe Biden’s son and the push for a new FBI headquarters.
Read more »