Republican lawmakers press FTC's Khan on energy sector merger scrutiny [FOX Business Network]
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Source: FOX Business Network
Exclusive: Republican lawmakers in Congress are stepping up oversight of how the Federal Trade Commission (FTC) and the agency's chair, Lina Khan, scrutinized a pair of high-profile energy sector mergers, arguing the regulator was favoring a political agenda over genuine competitive concerns. House Judiciary Committee Chair Jim Jordan, R-Ohio, and Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights Ranking Member Mike Lee, R-Utah, on Monday sent a letter to Khan and FTC. The letter, which was reviewed by FOX Business, raised concerns related to the agency's use of settlement agreements that aren't related to the competitive effects of pending mergers. "Recent cases suggest that the FTC under your leadership is pursuing settlements not because there is harm to competition, but due to political pressure from Democrats in Congress ," Jordan and Lee wrote to Khan. "Specifically, the FTC has entered into consent decrees in the Exxon/Pioneer and Chevron
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