WASHINGTON – Competitiveness Coalition Chair Scott Brown applauded Republican lawmakers’ scrutiny of the Federal Trade Commission’s (FTC) fiscal 2024 budget request during a House Appropriations Subcommittee on Financial Services and General Government hearing.
“FTC Chair Lina Khan’s appearance today made clear that this beleaguered agency is unworthy of the nearly 40 percent raise it is asking Congress to fork over,” said Chair Scott Brown. “Under Chair Khan’s tenure, the once bipartisan and independent agency has advanced a liberal agenda that’s anti-business, anti-jobs and resulted in the resignation of the last remaining Republican commissioner. At a time when our economy is in dire need of a jump-start, Chair Khan’s admission that the agency is working with European regulators to stifle American innovation should alarm lawmakers on both sides of the aisle.”
The hearing arrives one week after Brown and 14 groups and thought leaders in the Competitiveness Coalition sent a letter to Republican and Democratic leaders on the Senate and House appropriations committees expressing strong opposition to the request from the FTC for $590 million for FY 2024. Click HERE to read the letter.
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.