Washington’s biggest business lobby group has lashed out at the Biden administration over its competition policy, signalling that it would fight the “government over-reach” it claimed was threatening the US economic recovery.
“The Federal Trade Commission has taken such an aggressive stance against mergers and acquisitions that small and medium-sized businesses fear they’ll have worked for years to build something and have no exit strategy if they choose to sell,” said Suzanne Clark, in her first annual address as chief executive of the US Chamber of Commerce.
Clark attacked “modern-day trustbusters” from both parties, but singled out the FTC, which is chaired by Lina Khan, for trying to enlarge its powers.
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