Biden’s chairman of the US FTC will resign from the commission in the coming weeks, writes Reuters
WASHINGTON (Reuters) – Lina Khan, who headed the U.S. Federal Trade Commission under former President Joe Biden until Monday, will resign from the commission in the coming weeks, she told staff in a memo.
Khan has been an aggressive antitrust enforcer, challenging numerous mergers and working to ensure that consumers and workers are not disadvantaged by powerful corporations.
Under Biden, Khan’s FTC sued Amazon (NASDAQ: ), opened an investigation into Microsoft (NASDAQ: ) and won court rulings that blocked Kroger’s (NYSE: ) valuable acquisition of rival grocery chain Albertsons (NYSE: ) and the merger of handbag maker Tapestry ( NYSE:) and $8.5 billion Capri.
The youngest person to lead the US consumer protection and antitrust agency, Khan drew attention in 2017 when she wrote a paper arguing that Amazon had gained monopoly power by undercutting competitors’ prices and collecting consumer data.
Republican Commissioner Andrew Ferguson is now the agency’s chairman after President Donald Trump took office. A source told Reuters on Monday that Khan plans to use her remaining time as commissioner to complete legal document retention and records management, as well as other administrative tasks.
