Jim Jordan accused of attempting to gut watchdog to benefit billionaires
Source: Raw Story/Ohio Capital Journal
May 5, 2025 9:14AM ET
U.S. Rep. Jim Jordan (OH) wanted to slip a sweeping measure into a spending bill that would gut the Federal Trade Commission. Critics say it’s no coincidence that the FTC is suing mammoth health care conglomerates and tech giants like Amazon.
Jordan is chairman of the powerful House Judiciary Committee. Last week, it released a version of a bill that included tax cuts, federal spending cuts and more spending at the border.
It also contained provisions that would give Trumpsweeping new powers to gut government regulations. It would also transfer funds and personnel currently controlled by the FTC to the Antitrust Division of the Justice Department — without the FTC’s unique enforcement authority going with them.
The measure was abruptly nixed, but it would have effectively killed antitrust powers Congress created more than a century ago.
Read more: https://www.rawstory.com/critics-say-ohio-rep-jim-jordan-wanted-to-gut-antitrust-agency-as-favor-to-billionaires/
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