Sen. Paul looks to limit FTC’s authority to enforce antitrust laws


Washington, D.C. headquarters of the Federal T...

By Pete Kasperowicz – Sen. Rand Paul (R-Ky.) has introduced legislation that would limit the authority of the federal government to identify and block business activity it deems to be anti-competitive.

The Anti-Trust Freedom Act, S. 2269 (pdf), is a response to what Paul says is the overreach of the Federal Trade Commission (FTC) as it seeks to enforce key antitrust laws — the Federal Trade Commission Act, the Sherman Act and the Clayton Act.

Paul argues that under these laws, the FTC has too much leeway to define what business activities are legal, as it can define “unfair methods of competition,” “markets” and “price discrimination.” This leeway has led the FTC to ban some activities that Paul believes should be permitted. more> http://is.gd/292Tey

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s