Tag Archives: Rebecca Slaughter

Biden FTC Applauded for Moving to Crack Down on ‘Predatory Pricing,’ Other Corporate Abuses

FTC Chair Lina Khan is “charting a path toward a new era of refined antitrust enforcement that prioritizes working families and small businesses,” said one advocate.

By Kenny Stancil  Published 11-10-2022 by Common Dreams

Federal Trade Commission Chair Lina Khan. Screenshot: CNBC

Progressives cheered Thursday after the Federal Trade Commission voted 3-1 to issue a new policy statement restoring the agency’s commitment to “rigorously enforcing the federal ban on unfair methods of competition.”

While Section 5 of the FTC Act—passed in the early 20th century by congressional lawmakers unsatisfied with the Sherman Act, the original antitrust statute—prohibits “unfair methods of competition” and instructs the commission to identify and rein in such practices, the agency has refused for decades to exercise its full legal authority to do so. Continue reading

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