I support title II of this bill, and, actually, I would vote for it if it was set up as a separate bill as it once was. I would not support title III. The real issue is title I and the $1.4 billion that it would provide to the Department of Justice and the FTC. The assertion is that it would not or is not supported by the record. Let me explain, however, what has not happened that should have in order to make this $1.5 billion supportable. And what hasn't happened is we have not had Chairwoman Lina Khan appear before us in our Committee on the Judiciary. It seems odd that we wouldn't find out how this money is going to be spent before we allocate it to the purposes reflected in the Record. Let me just read from a recent speech at Fordham University: ``Chair Lina Khan outlined an aggressive new approach to the agency's competition policy. Under her leadership, she explained, the FTC will interpret `unfair methods of competition' broadly, block mergers that could reflect an `incipient' trend toward monopoly, reject efficiency defenses, and contend that `conglomerates' harm consumers, irrespective of economic evidence. In Khan's view, her agenda is `fundamentally conservative' because it shows respect for the rule of law as reflected in congressional intent.'' To quote the U.S. Chamber of Commerce: ``Khan's speech hearkens back to George Orwell's `Ministry of Truth,' where words apparently lose all meaning.…
On the recordSeptember 29, 2022
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