Blumenthal Statement on FTC Authority to Police Unfair Competition

(Hartford, CT) – U.S. Senator Richard Blumenthal (D-Conn.), Ranking Member of the Senate Commerce Committee’s Subcommittee on Consumer Protection, issued the following statement today on the Federal Trade Commission’s (FTC) release of new principles that will guide the Agency’s actions to police conduct that unfairly damages competition:

“This strong bipartisan set of principles establishes rules of the road to stop bad actors from stifling competition and stiffing consumers – a historic step in the Commission’s 100-year history. Spurred and strengthened by this agreement on the span and scope of so-called unfairness authority, the FTC should pursue and fight anti-competitive misconduct even more vigorously. My hope is that it will lead to more frequent and effective enforcement actions to protect both consumers and businesses that may be victims of market misconduct and manipulation.”

###