U.S. Chamber of Commerce Condemns FTC’s ‘Vote Now, Discuss Policy Later’ Approach to Meetings, Chilling Effect of M&A Rules

Wednesday, July 21, 2021 - 3:00pm

WASHINGTON, D.C. - The following statement can be attributed to Sean Heather, Senior Vice President, International Regulatory Affairs and Antitrust, U.S. Chamber of Commerce.

“Today the FTC continued down a path of dismantling agency practices on a whim by overturning years of learning and bipartisan consensus around sound enforcement approaches. What’s worse is the process that has led to these actions. These so called ‘open-meetings’ have embraced a vote now, discuss policy later approach that ignores public input, making the entire process anything but transparent and above board. This rush to change decades of precedent in the rules for example around mergers and acquisitions  threaten to send a chilling affect across the entire economy.”