Tech antitrust pioneer Lina Khan confirmed as FTC commissioner

Source: The Verge added 15th Jun 2021

  • tech-antitrust-pioneer-lina-khan-confirmed-as-ftc-commissioner

The Senate confirmed Lina Khan as commissioner of the Federal Trade Commission Tuesday, by a vote of 69-28. First nominated in March, Khan will give Democrats a majority on the commission, filling a vacancy left by Republican appointee Joseph Simons who resigned in January.

Khan’s appointment signals an increased focus on antitrust regulation against major tech companies, which has been a focus of her legal scholarship. Khan rose to prominence after a 2017 paper, titled “Amazon’s Antitrust Paradox,” arguing that new antitrust statutes were necessary to prevent anti-competitive behavior from online platforms like Amazon. More recently, Khan played a significant staff role in assembling the House Antitrust report on competition in digital markets.

Khan’s confirmation comes at a time when Congress is preparing to take drastic action to curb the power big tech companies have on digital markets. Just last week, the House antitrust subcommittee released a slew of bipartisan bills addressing a variety of concerns unveiled in last year’s report — one that Khan played a significant role in investigating. Politico reported Tuesday that Sen. Amy Klobuchar (D-MN) is working to put out companion bills in the Senate similar to those produced by the House last week. One of those bills would give antitrust enforcers more money and authority to go after tech monopolies.

The Federal Trade Commission has struggled to rein in tech giants — most notably with Facebook’s $5 billion Cambridge Analytica fine, which many saw as insufficient to the scale of the misconduct. Congress has put forward a number of measures to try to expand the FTC’s powers, in the hopes that the commission will become a more aggressive regulator against anti-competitive behavior. Most recently, the Competition and Antitrust Law Enforcement Reform Act put forward by Klobuchar proposed funding for a new branch of the commission devoted entirely to retroactive merger review and studies of current market conditions.

Read the full article at The Verge

brands: ACT  ACTION  Amazon  First  Majority  New  One  Pioneer  Simons  
media: 'The Verge'  
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