Search Results for

Rep Jim Jordan and company had already been eyeing Khan for an investigation because she had the audacity to enforce a consent decree that Twitter violated under Elon Musk’s leadership. Then, they eagerly seized on last month’s (conveniently timed) reporting from Bloomberg which published a previously unseen memo from an FTC ethics official and accused Chair Khan of ignoring the official’s recommendation. With that backdrop, the Republicans seemed poised to strike while the iron was hot, a culmination of their years-long project to undermine Khan’s leadership and reputation. The result was … much different. Thanks to some sleuthing on our part and the bipartisan support for taking on tech monopolies, yesterday’s hearing was less a damning inquisition and more a victory lap for Khan’s rejuvenation of the FTC.

If we were to agree to the industry’s demand that policy experts should be precluded from regulating issues they have spent significant amounts of time developing expertise in, we would be setting a precedent that severely undermines any kind of public-minded enforcement. In fact, banning experts such as Gensler would leave the public with a pool of potential regulators who are either already corporate-aligned or unqualified to adequately opine on pressing issues.

In advance of the House Judiciary Committee holding a hearing on Thursday, July 13, 2023, at 10:00 a.m. ET on “Oversight of the Federal Trade Commission,” Revolving Door Project has sent a letter to FTC Chair Lina Khan calling on her to take on the FTC’s considerable internal revolving door challenges.

It turns out that the ethics official who recommended that Khan recuse herself from a case involving Meta is an owner of Meta stock. This ethics judgment was music to the ears of the media organizations, Republicans, and antitrust hacks who have been attacking Lina Khan throughout her leadership. Beyond being wrong and selective in singling out FTC officials for ethics concerns, the problem with Pankey’s opinion is deeply ironic. Pankey herself has a legitimate conflict of interest in relation to Meta. 

The ethics officer who recommended Lina Khan recuse herself from the Meta/Within case owns between $15k and $50k in Meta stock.

Let’s take a step back and consider what it means for a Supreme Court Justice to respond to questions for a news article by publishing an angry opinion piece in a (very) different publication than the one which contacted him, and apparently without informing the journalists ahead of time.

Cravath, Swaine & Moore’s Christine Varney, a former head of the US Department of Justice’s Antitrust Division, and other BigLaw lawyers representing Illumina and Grail filed a brief this week seeking to secure a merger which the FTC said would “diminish innovation in the U.S. market” for cancer detection tests. Revolving Door Project Research Director Andrea Beaty released the following statement concerning the brief and its authors.

As the past six years have clearly illuminated, hollowing out government capacity and rewarding loyalists is at the heart of the Trump gospel, and leveraging power is DeSantis’s modus operandi as well. As coverage of the Republican primaries ramps up, the press must focus on how this style of executive branch mismanagement endangers democracy and the public interest. That’s more important than trying to figure out if DeSantis has the personality to sell this anti-democratic vision.

In response to the emergence of the structure of a potential deal between President Biden and Speaker McCarthy, Revolving Door Project Executive Director Jeff Hauser issued the following statement: 

“There are three aspects to the substance and coverage of this debate that have been infuriating.”

On Friday, May 19, the National Association of Government Employees filed an emergency motion in their lawsuit against President Joe Biden and Treasury Secretary Janet Yellen. NAGE urged the Massachusetts District Court to issue a preliminary injunction holding that the debt ceiling violates the separation of powers and Presentment Clause set forth in Articles I and II of the U.S. Constitution. 

Manchin’s dirty deal is back on the table, again, according to coverage of the play-by-play of Biden and congressional leaders’ not-not-negotiations over raising the debt ceiling. Whether or not Manchin’s proposal gets packaged with a debt ceiling deal, it seems the question is when, not if, it gets taken up. That’s due in large part to Biden and Schumer’s unjustifiable fealty to Manchin, the administration’s chief saboteur, whose latest pledge is to block all of Biden’s EPA nominees.

Coinbase’s establishment of a new advisory council comprising former members of Congress is the latest example of the crypto industry’s embrace of Washington’s revolving door.