Political Quotes

“This amendment reduces the amount available for salaries and expenses of the Federal Trade Commission to FY19 levels at just over $306 million. It should come as no surprise that I disagree with the Biden administration's weaponization of the Federal Trade Commission. Much like other Biden administration approaches to financial services regulation, the FTC policies under Chair Lina Khan threaten to disrupt entire sectors of the American economy by moving away from the consumer welfare standard toward arbitrary metrics that aim to break up companies--or stop them from merging--simply because they are too big. I mean, we can't even be bothered, as my friend on the other side of the aisle says, with the consumer not having the capacity to determine what is in their best interests, which is affronting enough. I mean, all us dumb rubes out here in America, we don't know what the heck we are going to do without the government to tell us what to do. We can't even do that now. We just have to come up with arbitrary things that we don't like and then weigh in. The FTC has targeted the following standard businesses and business practices, citing several concerns, including, the charging of advertising and other fees to sellers that sell on Amazon or advertise using online platforms. Mr. Chairman, when you want to buy something, it is going to cost you something. Somebody has to pay for that. That is how business is done.…”