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April 25, 2022
Corporate Crackdown Updates: 4/25/22
Every two weeks, we’ll be sending a summary of what the Biden administration has and hasn’t done to police and publicize white-collar crimes and big business abuses.
March 02, 2022 | Revolving Door Project Newsletter
Dylan Gyauch-Lewis Max Moran Toni Aguilar Rosenthal
Newsletter Corporate CrackdownDepartment of JusticeEconomic PolicyFinancial Regulation
What Can Biden Actually DO From His State Of The Union?
If there’s one thing the readers of this newsletter definitely haven’t read yet today, it’s a reaction to last night’s State of the Union address.
Like many, we were hoping to see President Joe Biden adopt a new overall message to the American people as his poll numbers have sagged and Democrats brace for a rough midterm election in just eight short months. We’ve been making our pitch for the last few months about what that message should be: Biden ought to use his powers to crack down on corporate villains, and heavily publicize doing so. The ubiquity of already unpopular enemies and latent presidential powers gives Biden the chance to clarify to the public what exactly he stands for. Our Jeff Hauser and Max Moran laid out the case for this “Corporate Crackdown” message in Democracy Journal in January.
March 02, 2022
Dylan Gyauch-Lewis Max Moran Toni Aguilar Rosenthal
Blog Post Corporate CrackdownEthics in GovernmentExecutive BranchFederal ReserveFinancial RegulationIntellectual PropertyRevolving DoorTech
What Can Biden Actually DO From His State Of The Union?
Biden is still married to reviving a long-lost vision of bipartisanship. Never mind that the same Republicans he’s desperate to welcome into the fold literally did not applaud the ideal of bipartisanship he is pushing.
February 22, 2022
Making The Antitrust Division Competitive: A Look At Capacity As Biden Revitalizes Enforcement
The Department of Justice’s Antitrust Division (ATR) is, along with the Federal Trade Commission (FTC), the primary regulator of antitrust law and is responsible for ensuring markets’ competitiveness. In that capacity, it investigates corporate consolidation and allegations of collusion and anticompetitive practices that undermine the free market. ATR is also responsible for supervising mergers and acquisitions to ensure that companies cannot establish monopolies. While both ATR and the FTC share this objective, the two divide jurisdiction based on industry. ATR also investigates and prosecutes criminal antitrust violations.
January 12, 2022 | Revolving Door Project Newsletter
Pelosi Turns a Political Slam Dunk to a Troubling Liability
With Omicron surging, Build Back Better sputtering, and the latest voting rights push facing long odds, it’s no secret that Democrats are in desperate need of a win to prove their worth. So what did Democratic leadership do when one such opportunity – enthusiastically championing a move to ban members of Congress from trading stocks – fortuitously fell into its lap? You guessed it…Speaker Nancy Pelosi mocked and immediately rejected it.
December 07, 2021
Watchdog Requests Correspondence Concerning Senior DOJ Officials’ Recusals
Today, the Revolving Door Project issued Freedom of Information Act (FOIA) requests for records reflecting any ethics advice given to any Senate-confirmed Department of Justice (DOJ) officials. The Project also requested any ethics advice given to Chief of Staff to the Deputy Attorney General Anita Singh, whose husband is a member of Google’s antitrust defense team at law firm Vinson & Elkins. The Project is interested in which potential conflicts of interest do or don’t trigger ethics concerns within the Department, particularly as Big Tech companies engage in a cynical and specious campaign to use ethics rules to tie the hands of antitrust enforcers.
December 01, 2021 | Revolving Door Project Newsletter
Biden Team Overcomplicates Presidency
The end of Biden’s first year in office is fast approaching and the optimism that characterized its start is long gone. Supply chain problems, stalled legislation, a new COVID-19 variant, and nomination woes (both self-imposed and external) are all weighing on the collective national mood. Some are even starting to conclude that, regardless of what steps the administration takes in the coming year, Democrats are doomed to lose both houses of Congress next fall.
September 30, 2021
Coalition Calls on DOJ to Give Kanter "Sufficient Independence and Discretion"
We write to you as a broad coalition of organizations committed to holding corporations that engage in anti-competitive behavior accountable. For far too long, Washington has sat by as technology industry giants have accumulated monopoly power at the expense of consumers and competitors alike. The nomination of Jonathan Kanter to serve as Assistant Attorney General for the Department of Justice Antitrust Division is a strong step toward turning President Joe Biden’s vision of an open economy into reality.
September 16, 2021 | The American Prospect
Closing the Revolving Door in Antitrust
Economic consulting firms hire former officials to undermine antitrust efforts. Here’s how to stop that.
September 01, 2021 | The New Republic
Big Tech’s Attacks on Biden’s Anti-Monopoly Regulators Are a Joke
In a move cheered by progressives and antitrust reformers, President Biden has nominated Jonathan Kanter to serve as assistant attorney general for antitrust. Kanter’s nomination, alongside that of Lina Khan to lead the Federal Trade Commission earlier this year, is the latest sign that this administration is, for the first time in generations, fiercely committed to enforcing antitrust laws. However, this generation’s most notorious monopolies—Amazon, Facebook, and Google—are making it vividly clear that they will try anything to retain their power. That apparently includes lobbing poorly reasoned, transparently bad faith calls for their newly anointed foes to recuse themselves from relevant cases.
July 29, 2021
Biden's Executive Order Promises Relief For Farmers. Will It Deliver?
The administration’s staffing vacancies could undermine Biden’s promise to help family farms fight Big Ag monopolies.
May 28, 2021
Hobbled FTC Lacks Budget To Combat Corporate Buying Spree
Progressives have been encouraged by President Biden’s choices of anti-monopoly leadership in Lina Khan, Tim Wu, and (potentially) Jonathan Kanter. But in the interregnum between personnel announcements and actual confirmations, corporations are getting as many transactions done now as possible. And while the Biden Administration seems on the precipice of reining in the power of Big Tech and other monopolists soon, the FTC, one of the two agencies charged with enforcing antitrust law, continues to be hobbled by chronic underfunding.