WASHINGTON – Competitiveness Coalition Chair Scott Brown today slammed President Biden for releasing a budget that prioritizes the desires of antitrust activists, particularly after a scathing congressional report detailed the abuse of law and mismanagement within the Federal Trade Commission (FTC). 

Specifically, President Biden’s budget calls for $288 million for the Department of Justice’s antitrust division, a $63 million increase from 2023. And for the FTC, the budget directs a whopping $535 million.

“The FTC has repeatedly run afoul of the law and been the subject of multiple congressional investigations – it is nowhere near deserving of a raise,” said Chair Scott Brown. “It’s sad that the White House has become so beholden to the left that it’s requested an increase in federal funds for two federal agencies that are actively trying to throttle American innovation at a time when the People’s Republic of China is supercharging their tech industry. Conservative policymakers who are concerned about taxpayer dollars should think twice before giving Attorney General Merrick Garland’s antitrust division and FTC Chair Lina Khan’s agency – which has a string of court losses – more resources to undermine American competitiveness.”

For more information, please visit competitivenesscoalition.com. Members of the press can contact the coalition at press@competitivenesscoalition.com. 

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The Competitiveness Coalition is a first-of-its-kind group educating the public and advocating for policies that put consumers first while fostering innovation and attracting new investment.