Some of Vice President Kamala Harris’s wealthier donors are informally asking for FTC Chair Lina Khan to get replaced, studies Bloomberg. It’s not likely stunning: her expansive definition of antitrust enforcement has numerous industries frantic, and the most important companies opposed her appointment from the beginning.
Khan’s FTC, which has opposed mergers that may have been waved by means of by earlier FTC chairs, has seen blended success. But her nomination by President Biden in 2021 was clearly a problem to longstanding doctrines that allowed mega-corporations, together with “Big Tech,” to consolidate energy. She went as far as to name them “mob bosses” in a current interview with TechCrunch.
The donor strain could also be misplaced, contemplating that Khan’s time period ends later this month. While she’s going to stay in place till the following company chief is appointed, chances are high this may lengthen her time period by months, not years.
Meanwhile, the donors reportedly additionally expressed a dislike of SEC Chairman Gary Gensler, whose time period ends in June 2026.
