The US Chamber of Commerce on Friday slammed the Biden administration’s Federal Trade Commission chair Lina Khan, accusing her and the FTC of “waging a war against American businesses.”
“The FTC is waging a war against American businesses, so the U.S. Chamber is fighting back to protect free enterprise, American competitiveness, and economic growth,” said Suzanne Clark, president and CEO of the Chamber of Commerce.
“The FTC’s radical departure from its core mission under Chairwoman Khan is deeply concerning to our members across the business ecosystem. American companies are facing historic challenges with inflation, strained supply chains and worker shortages, while the FTC is going rogue and engaging in regulatory overreach that is accelerating uncertainty and threatening our fragile economic recovery.”
The Chamber despatched three letters to the FTC dated Friday by which they cited potential breaches of administrative process that it mentioned might be challenged in courtroom.
The Chamber mentioned it additionally filed greater than 30 Freedom of Information Act requests with the FTC for “information on how it has manipulated its rules and procedures while potentially ceding its independent agency status to political interference.”
The paperwork requested by FOIA requests would possible embody inside communications inside the company.
“Today, the Chamber is putting the FTC on notice that we will use every tool at our disposal, including litigation, to stop its abuse of power, to stand up for due process, and to protect the free enterprise system and America’s vibrant economy,” Clark mentioned.
“And we will work with policymakers on Capitol Hill to hold the commission accountable.”
Ever since President Joe Biden nominated Khan to the position of FTC chairwoman, her left-leaning antitrust views have stoked controversy amongst company America and made her a darling of progressive politicians.
Both Amazon and Facebook have requested the FTC to recuse Khan from any antitrust actions against the businesses, saying that her beforehand established views against Big Tech make her biased.
The FTC dismissed Facebook’s request, however hasn’t acted on Amazon’s petition.
In the letters despatched Friday, the Chamber criticized the FTC’s latest efforts to tackle false promoting, and to cease companies from touting pretend opinions and deceptive endorsements.
The Chamber additionally mentioned the FTC could have violated administrative process when it handed a brand new coverage designed to discourage mergers which are legally questionable.
And lastly, the Chamber challenged the potential for any new insurance policies to come back out of a gaggle fashioned by President Biden’s July government order, the White House Competition Council, by which the FTC and different businesses focus on find out how to enhance financial competitors.
The Chamber mentioned the truth that the White House fashioned the group means politics is interfering in any guidelines that come out of it.
FTC Office of Public Affairs Director Lindsay Kryzak responded to the Chamber’s letters by vowing to not again down.
“The FTC just announced we are ramping up efforts to combat corporate crime and now the Chamber declares ‘war’ on the agency,” she mentioned in a press release.
“We are not going to back down because corporate lobbyists are making threats. We will continue to do our job and stand up for consumers, honest businesses, workers, and entrepreneurs who deserve a fair marketplace.”