House Judiciary Committee Chairman Jim Jordan (Ohio) said the Federal Trade Commission (FTC) will take action on “Elon Musk’s Twitter” in 2022 as part of a “partisan” revenge against its new owners. and fined him.
The FTC launched an investigation into Twitter in 2019 after it reported that the social media platform violated its own privacy policy.twitter paid But Jordan said the commission had no intention of fining Twitter until Musk became the platform’s largest shareholder in April 2022 and began working toward a full acquisition.
“The Commission took no action against Twitter in 2021,” Jordan said in the article. letter To FTC Chairman Rina Khan. “A closer look at the The information provided suggests an unreasonable grace period of approximately one year. Gap with FTC Conduct on Twitter. A reasonable conclusion is that neither you nor the Acting Chair. Mr. Slaughter had seriously planned to take action against Twitter until political pressure came over him because of his remarks. A Musk buyout is imminent. ”
🚨 #preliminary report: Weaponization Commission Uncovers New Information Suggesting FTC Targets @Elon MuskTwitter pic.twitter.com/wCacypz2ZG
— Weaponization Committee (@Weaponization) June 8, 2023
Following Musk’s acquisition, the FTC faced heavy lobbying from Democratic lawmakers calling for it to investigate Twitter. President Joe Biden said Mr. Musk’s overseas investments were “worthy of consideration,” while seven Democratic senators led by Connecticut’s Richard Blumenthal called for “strong oversight” from Mr. Khan. [the FTC’s] Declaration of Consent with Twitter. ” (Related: ‘Stupid remarks’: Rep. Jim Jordan and Stacey Plaskett clash over Twitter files)
Jordan launched an investigation into the FTC’s monitoring of Twitter early in its 118th Congress.House Judiciary Committee Republican Staff Report published The FTC letter requested that Mr. Musk provide Twitter with information about journalists who helped create the Twitter Files report. In the letter, Jordan wrote that the FTC has repeatedly refused to comply with the Judiciary Commission’s subpoenas.
Republicans have repeatedly expressed concern that Khan, a former Columbia University professor, is using the FTC to pursue partisan policies. An active antitrust enforcement advocate, Khan informs companies about how mergers can impact ESG goals, union organizing and equity. I asked. She has also moved to create and enforce regulations without congressional approval.
What the FTC currently has is three Despite the fact that the number of commissioners is five under federal law. He may have no more than three members of her FTC who belong to the same political party, subject to the following provisions. FTC Act.Republican Commissioner Noah Phillips and Christine Wilson They resigned in 2022 and 2023, respectively, following bitter disagreements with Khan’s regulatory stance.
