On the recordNovember 8, 2023
Mr. Chair, I rise in opposition to this amendment. This amendment would prevent the FTC from implementing its policy statement explaining the scope of the commission's authority over unfair methods of competition. It will create confusion and legal uncertainty in cases in which the FTC seeks to use this authority to stop unfair methods of competition that hurts consumers, honest small businesses, and workers. The November 2022 policy statement informs the public, business community, and antitrust bar how the agency interprets the law based on principles from prior case law and agency. I urge my colleagues to vote ``no,'' and I reserve the balance of my time.





