WASHINGTON – U.S. Senator Amy Klobuchar (D-MN), Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, issued the following statement on the FTC vote to rescind its 2015 “Statement of Enforcement Principles Regarding ‘Unfair Methods of Competition’ under Section 5 of the FTC Act”:
“We need aggressive action from our antitrust enforcers. Chair Khan has a bold vision for the FTC, and I am encouraged that the Commission is taking steps to use its full legal authority to protect competition. The FTC cannot fulfill its mission with only duct tape and Band-Aids, which is why I continue to push forward legislation to reform our laws and increase funding for the FTC and its critical work."
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