FTC votes to expand its enforcement powers

Thursday's vote by the Federal Trade Commission was to increase its enforcement power. It repealed a 2015 bipartisan rule that restricted its ability to bring antitrust lawsuits that were inconsistent with federal courts interpretations. The Democratic majority voted in favor of the motion, and the vote was 3-2 across party lines.Lina Khan, Chairwoman of the Commission, stated that the 2015 statement doubles down on the agency's failure to investigate and pursue unfair competition. She then voted to repeal the policy. She said that Congress had directed the commission to find and combat unfair competition even if they didn't violate the Sherman Act. This refers to one of the fundamental U.S laws designed to combat anti-competitive behavior.The Republicans in the committee claimed that repealing this ban would lead to uncertainty about acceptable behavior, which could limit innovation and entrepreneurship.