0:52
- ABC News
- June 17, 2021
Meet Lina Khan, the youngest-ever chair of the FTC
The vocal faultfinder of Big Tech is now its top regulator.
\"I spent years studying markets ranging from chicken farming and airlines to aluminum and book publishing, and learning from entrepreneurs and small businesses about the obstacles that they face,\" Khan added. \"This work taught me the importance of fair competition, and the critical role that the antitrust laws play in encouraging business dynamism and promoting widespread prosperity.\"
As a legal scholar, she said her focus has been on the history of America's antimonopoly laws. Her scholarship in this arena, such as her Yale Law Journal publication \"Amazon’s Antitrust Paradox,\" has been widely cited. Her work has also been published in the Harvard Law Review, Columbia Law Review and University of Chicago Law Review.
More recently, Khan worked in government by serving as counsel to the House Judiciary Committee’s Subcommittee on Antitrust, Commercial and Administrative Law. In this role she helped produce a scathing, 450-page report on the state of competition in the digital economy that was the result of a 16-month investigation by the subcommittee and included hearings with tech industry titans such as Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai.
The report, which names Khan as a contributor, claimed that a handful of tech companies \"that once were scrappy, underdog startups\" have \"become the kind of monopolies we last saw in the era of oil barons and railroad tycoons.\"
In her nomination hearing, Khan said that pursuing this investigation \"underscored the important work that enforcers and lawmakers must do to ensure that longstanding laws are keeping pace with new technologies and reflecting current business realities.\"
Khan's ascension to lead the FTC largely was met with silence from the private sector but lauded by lawmakers and advocates.
Sen. Elizabeth Warren, D-Mass., said in a statement earlier this week that Khan's new position was \"tremendous news\" and an opportunity for change.
\"Lina brings deep knowledge and expertise to this role and will be a fearless champion for consumers,\" the former Democratic presidential candidate said. \"Giant tech companies like Google, Apple, Facebook, and Amazon deserve the growing scrutiny they are facing, and consolidation is choking off competition across American industries.\"
With Khan's appointment, Warren added, \"We have a huge opportunity to make big, structural change by reviving antitrust enforcement and fighting monopolies that threaten our economy, our society, and our democracy.\"
Big Tech's power has drawn ire from lawmakers on both sides of the aisle, and Sen. Ted Cruz, R-Texas, said during Khan's nomination hearing in April that he looks forward to working with her.
\"I think there’s a lot more the commission can do in terms of ensuring transparency from Big Tech, which right now is incredibly opaque,\" Cruz added at the time.
Alex Harman, of the nonprofit consumer rights advocacy group Public Citizen, said that the \"overwhelming bipartisan vote\" for Khan \"speaks both to her qualifications that made her the ideal nominee to serve on the FTC and the recognition by both parties that concentrated corporate power is a crisis that needs to be urgently addressed.\"
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