Congress tries to get the FTC in fighting shape
On Thursday, House Judiciary Committee lawmakers held a hearing with some of the most prominent players in antitrust enforcement today. Two Federal Trade Commission leaders and two state attorneys general currently suing Facebook for violating antitrust law testified before the committee.
But while lawmakers have spoken extensively about breaking up companies like Facebook and Google, law enforcement agencies are the ones with real power to unwind tech mergers, even if their dwindling budgets and measly resources make it more difficult to do so. On Thursday, members of Congress signaled that they want to help them bring more lawsuits against Big Tech.
WHAT IT MEANS
In previous hearings, committee chairman Rep. David Cicilline (D-RI) and…