 "Federal Trade Commission chair Lina Khan")
Federal Trade Commission Chair Lina Khan said her agency is taking a stronger approach to consent decrees compared to a 2011 deal with Twitter Inc. that was criticized in a whistle-blower’s complaint.
“There absolutely has been a problem with companies treating FTC orders as suggestions,” Khan told the Senate Judiciary Antitrust Subcommittee on Tuesday. “We have a program under way to really toughen that up.”
Khan said future consent decrees would tighten assessment of a company’s compliance and could name individual executives responsible for the underlying conduct. She described Twitter’s 2011 deal with the FTC as “a more legacy approach” that her team is eschewing in favor of “bright line” rules that set more specific boundaries for corporate behavior.
