Federal Trade Commission Chairwoman Lina Khan is set to testify before the U.S. House Judiciary Committee on Thursday.
The FTC is one of the most powerful agencies in the country, holding the authority to govern every single business in the nation. A once widely respected, bipartisan commission, it is now run by Democrats after Khan’s corruption drove all Republican commissioners to leave. But the consequences of Khan’s actions extend far beyond mere congressional subpoenas, political feuds, or interagency bureaucracy — they’re affecting the daily lives of consumers and businesses.
Put simply, Khan’s policies hurt our pocketbooks. Before her tenure at the FTC, she became famous for writingtoo low. This anti-consumer approach seems to have carried over to her tenure at the FTC. The agency, once consumer-centric, now prioritizes"fair competition" — a term that appears to be a guise for implementing policies irrespective of consumer impact. These changes don't come without costs.
Moreover, Khan's policy shifts have led to increased fraud-related costs for people. Since Khan took over, people suffered a huge surge in fraud, with consumer financial losses to imposter scams skyrocketing
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