"Antitrust Expert Lina Khan Likely to Join US FTC"
[Asia Economy Reporter Yujin Cho] The White House is expected to nominate Lina Khan, an antitrust expert and professor at Columbia University, as a commissioner of the Federal Trade Commission (FTC).
Bloomberg News reported on the 9th (local time) that the FTC is conducting a background check on Professor Khan. The news agency stated that Khan's nomination to the FTC suggests that the Biden administration is considering a more aggressive application of laws against big tech companies.
Professor Khan participated for a year and a half as a Democrat on the U.S. House Judiciary Committee, helping to draft reports that pointed out antitrust violations by IT tech giants abusing their market dominance.
In her 2017 thesis titled "Amazon's Antitrust Paradox," written upon graduating from Yale Law School, Khan argued that the current antitrust approach is not suitable for addressing the harms that online platforms like Amazon can cause.
She also worked as a legal advisor to Rohit Chopra, who was nominated as director of the Consumer Financial Protection Bureau (CFPB) under the current administration.
The FTC is an independent U.S. government agency responsible for antitrust and consumer protection policies. If Khan is appointed through the nomination process, she will become one of the five commissioners leading the agency.
Hot Picks Today
"Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- While All Eyes Were on Samsung and Hynix, This Company Surged 50% to New Highs in Four Days [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- "I'm No Longer the Center?"... Even the World's Top Sniper Sidelined in the Era of Drones
- "Target Price Set at 970,000 Won"... Top Investors Already Watching, Only an 'Uptrend' Remains [Weekend Money]
Previously, the Biden administration appointed Tim Wu, a Columbia Law School professor who voiced criticism of IT giants in his book "The Curse of Bigness," as the President's Special Assistant for Technology and Competition Policy at the National Economic Council.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.