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Financial Services Law Insights and Observations

Khan sworn in as FTC chair

Federal Issues FTC

Federal Issues

On June 15, Lina Khan was sworn in as Chair of the FTC following the Senate’s confirmation by a vote of 69-28. Her term on the Commission expires September 25, 2024. Khan stated that she looks forward to working with her colleagues “to protect the public from corporate abuse” and thanked former acting Chairwoman Rebecca Kelly Slaughter for her stewardship. Prior to becoming Chair, Khan was an associate professor of law at Columbia Law School, served as counsel to the U.S. House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law, was a legal adviser to FTC Commissioner Rohit Chopra (who is currently awaiting Senate confirmation on his nomination to serve as CFPB Director), and served as legal director at the Open Markets Institute. Chopra issued a statement following Khan’s confirmation stressing that the “overwhelming support in the Senate for Lina Khan’s nomination to serve on the [Commission] is a big win for fair competition in our country. There is a growing consensus that the FTC must turn the page on the failed policies spanning multiple administrations. Lina has an extraordinary record of achievement, and she will be instrumental in helping the Commission chart a new course grounded in rigor and reality.”