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When we served in Congress, we relied on the FTC’s challenges to artificial monopolies and predatory business activities to conduct our own legislative business. Its work and guidance helped us construct fair regulatory frameworks that worked for businesses and consumers alike, regardless of how wealthy, poor, big, or small they were and irrespective of how politically well-connected they might or might not have been.
Congress still oversees the FTC, and the federal legislative body has an obligation to step in and reform the regulatory agency it created more than a century ago. Most importantly, Congress must roll back the FTC’s new enforcement policies and operational standards — standards that the commission itself has admitted do not necessarily represent the interests of consumers.
By annulling its long-standing consumer-welfare standard, the commission opened the door to target any business behavior it disfavored, including mergers and acquisitions that had the effect of reducing consumer prices. First, the House should begin public oversight hearings to take a hard look at how Khan and her cohorts are mismanaging what historicallyas one of the best midsized government agencies in terms of workforce satisfaction. Her politically motivated management of the FTC has resulted in the commission’s once stellar workforce ranking
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