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Last week, the Federal Trade Commission (FTC) approved its Commission Report on Hearings on Competition and Consumer Protection in the 21st Century. The report is based on testimony from the March 2019 “The FTC’s Role in a Changing World” hearings, which focused on the relative effectiveness of the agency’s cross-border enforcement strategies in a global economy characterized by rapidly developing new business practices and technologies. The report recommends increased FTC statutory authority for enhanced cross-border enforcement and FTC leadership on international antitrust and consumer protection issues. Under activist Biden administration leadership, the agency is likely to increase its cross-border enforcement effort.
The Federal Trade Commission issued a report examining ways to enhance cooperation between the FTC and overseas competition and consumer protection authorities in order to maximize the effectiveness of the FTC’s enforcement efforts.
The report cites expert testimony from hearings the Commission convened in March 2019, held in conjunction with the George Washington University’s Competition Law Center, which stressed the importance of obtaining and sharing information quickly and efficiently in cross-border antitrust investigations.
“I commend staff on their work to issue a report on The FTC’s Role in a Changing World,” said Acting FTC Chairwoman Rebecca Kelly Slaughter. “International cooperation on enforcement can strengthen all the agencies involved, so we must continue to prioritize the importance of working hand-in-hand with our counterparts across the globe.”