Hey so nearly 2 years ago @sandeepvaheesan wrote for us as part of the #DayOneAgenda about what an FTC with sufficient will could accomplish through rulemaking on their own authority.
Whaddya know, @linamkhan and the crew have a blueprint!
prospect.org/day-one-agenda…
Whaddya know, @linamkhan and the crew have a blueprint!
prospect.org/day-one-agenda…
Sec. 5 of the Federal Trade Commission Act gives authority to identify & prohibit “unfair methods of competition.” We recommended:
-banning noncompete clauses
-banning exclusive dealing "and similar practices that monopolists use to block new rivals, & deprive customers of choice
-banning noncompete clauses
-banning exclusive dealing "and similar practices that monopolists use to block new rivals, & deprive customers of choice
-ending pay-for-delay deals where drug companies pay generic manufacturers to not make cheaper versions of their drugs
-ending patent evergreening to extend exclusivity periods
-ending patent evergreening to extend exclusivity periods
The FTC could also revive strict anti-merger rules, including simple market share and concentration thresholds for deciding whether a merger is illegal.
This is all in our Executive Action Tracker, and with Lina Khan at the helm, there's a real opportunity to actually accomplish this agenda.
prospect.org/day-one-agenda…
prospect.org/day-one-agenda…
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