Sen. Klobuchar announces at Sen Judiciary antitrust hearing that Lina Khan has been named FTC chair. Trying to confirm with the WH.
"I would also note Sen. Lee that Lina Khan was just named the chair of the FTC, an interesting development from an antitrust standpoint," she said.
Confirmed. Official announcement from the White House TK but sources familiar with the plans say Biden will name Khan as chair.
Sneaky move on the WH's part: some Republicans might have been more likely to oppose her nomination if she was announced as chair rather than commissioner.
Khan will be the first non-white chair of the FTC. The chair has a lot of power over the direction of the agency, what cases or rulemakings it chooses to focus time and money on
I have had some Qs on this. Edith Ramirez (FTC chair under Obama) who identifies as Latina likely qualifies as the first person of color to chair the agency. I was perhaps erroneously trying to distinguish by saying non-white. Khan is the first person of Asian descent to helm FTC
The FTC has historically been populated almost exclusively by White commissioners. In it's 107-year history it has only had 3 Black commissioners EVER. Two Asian commissioners EVER (one of whom is a current commissioner Rohit Chopra)
Before Ramirez, there was another commissioner who identified as Hispanic (Mary Azcuenaga).
In any event, I highlighted this because the Biden administration has sought to have diverse picks and because there's been an effort to push him to diversify his tech picks specifically politico.com/news/2021/01/0…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Leah AntiTrustButVer1fy Nylen

Leah AntiTrustButVer1fy Nylen Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @leah_nylen

15 Jun
Also I wrote this thing about how the House Judiciary bills will affect the Big 5. politico.com/news/2021/06/1…
This story started it's life as this chart. I wanted to look at how the House bills zoomed in on the companies (ALSO special thanks to @wordsbykam for listening to me ramble on a Friday afternoon and then making it into something understandable)
The Justice Department and the FTC designate “covered online platforms” for enhanced enforcement only if the companies meet certain thresholds: The business’ parent company must have a market value of at least $600 billion -- something only 10 corporations worldwide meet
Read 5 tweets
15 Jun
There's been a lot of antitrust news today. Sen. Mike Lee and Chuck Grassley also dropped their own antitrust overhaul. Here's the one-pager: lee.senate.gov/public/_cache/…
There's stuff in here that's DOA for Dems -- like eliminating the FTC's antitrust jurisdiction and giving it to @JusticeATR. But there are other things that could gain some consensus.
@JusticeATR Civil fines for knowing violations of the antitrust laws of up to 15% of a company's annual revenues for each year in which the violation occurred. That's in line with EU fines, which can be big $ (see Google's $10B or so)
Read 9 tweets
11 Jun
BTW, those antitrust bills were just introduced.
Read 11 tweets
11 Jun
The FTC improperly held that 1-800 Contacts trademark agreements violated the antitrust law, the 2nd Circuit held this AM. They reversed the FTC decision and ordered the complaint be dismissed. Big loss for FTC. More TK.
Second Circuit took issue with two things: First, FTC's use of inherently suspect framework -- essentially a rule of reason shortcut.
Read 14 tweets
10 Jun
. @energycommerce voted 30-22 to advance a bill to restore the @FTC ability to seek restitution and disgorgement from companies that break the law in the wake of the Supreme Court's AMG decision that the agency didn't have that authority
Before moving the bill, Democrats defeated, 25-28, an amendment offered by Rep. Gus Bilirakis (R-Fla.) that would have reduced to 5 years from 10 years the period of time for which they could seek monetary remedies.
The amendment would also have changed the bill so it would only apply to FTC cases going forward, not any of its pending ones.
Read 4 tweets
9 Jun
Five bills: each covering a slightly different aspect of antitrust/tech platforms.
1) Line of business restrictions. This is the "Glass-Steagall of the Internet" idea that Cicilline has talked up. The legislation takes aim at companies (like Amazon) that operate a dominant platform and promote their own goods or services on it.
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(