🚀 ProPicks AI Hits +34.9% Return!Read Now

U.S. Senate panel sends three FTC nominations to full Senate

Published 10/18/2023, 11:59 AM
Updated 10/18/2023, 04:22 PM
© Reuters. FILE PHOTO: Federal Trade Commissioner Rebecca Slaughter testifies on the "Oversight of the Federal Trade Commission" before the U.S. Senate Consumer Protection, Product Safety, Insurance and Data Security Subcommittee in the Russell Senate Office Buildin

WASHINGTON (Reuters) - The U.S. Senate Commerce Committee voted on Wednesday to send three nominations for the U.S. Federal Trade Commission to the full Senate.

Lawmakers voted by a voice vote to send to the Senate floor the renomination of Commissioner Rebecca Slaughter, a Democrat, along with the nominations of two Republicans, Andrew Ferguson and Melissa Holyoak, the solicitors general of Virginia and Utah, respectively, a congressional aide said.

THE TAKE

If confirmed by the Senate, as expected, adding the two Republicans will not change the balance of power at the five-member FTC, which also enforces antitrust law. It currently has a Democratic chair, Lina Khan, and two Democratic commissioners.

CONTEXT

The agency, which recently sued Amazon.com (NASDAQ:AMZN) for allegedly violating antitrust law, is considering mergers such as Kroger (NYSE:KR)'s plan to buy rival grocer Albertsons (NYSE:ACI).

© Reuters. FILE PHOTO: Federal Trade Commissioner Rebecca Slaughter testifies on the

In a hearing in mid-September, the three nominees agreed that the deceptive use of artificial intelligence should be a priority for the FTC in a show of bipartisanship on the popular issue.

The agreement was striking given previous partisan battles at the agency. A previous Republican FTC commissioner, Christine Wilson, quit this year and sharply criticized agency leadership.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.