WASHINGTON – Competitiveness Coalition Chair Scott Brown applauded Republican leaders on the House Appropriations Committee today for rejecting the FTC’s budget request for a nearly 40 percent increase in funding. 

House appropriators released their Financial Services and General Government FY 2024 bill earlier today, which included $376.5 million for the rogue agency – a $53.4 million cut from last year and $213 million below what the FTC requested in March.

The House proposal arrives after Chair Brown and 14 groups and thought leaders urged the Committee this spring to oppose the FTC’s $590 million boondoggle request in light of the controversy shrouding its leadership and its pursuit of a reckless agenda that harms the economy. 

“The FTC is undeserving of a raise and that sentiment is rightfully reflected in this funding bill,”said Chair Scott Brown. “The coalition thanks House Republicans on the Appropriations Committee for heeding our call to reject the $590 million boondoggle of a request from the Biden Administration and encourages more conservatives to continue to speak up about how this agency is actively harming the U.S. economy. We applaud this excellent start and urge the Committee to continue to work to rein in the FTC and protect American innovation from this rogue agency.”

For more than a year, the Competitiveness Coalition has been sounding the alarm on the FTC’s egregious overreach and concerning actions. To learn more about the Coalition’s work on this front, please visit competitivenesscoalition.com. Members of the press can contact the coalition atpress@competitivenesscoalition.com.

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