July 15 (Reuters) - Former U.S. President Donald Trump's
vice presidential pick J.D. Vance has openly praised the work of
Federal Trade Commission Chair Lina Khan, a sign that the
agency's broad approach to antitrust enforcement could enjoy
some level of support from a second Trump administration.
Vance, a Republican U.S. senator from Ohio, joined the
presidential ticket on Monday at the Republican National
Convention in Milwaukee, where Trump officially became the
party's nominee.
Vance is one of several Republican lawmakers, including U.S.
Senator Josh Hawley of Missouri and Florida U.S. Representative
Matt Gaetz, called "Khanservatives" for their agreement with the
FTC chair that U.S. antitrust law has a broader purpose than
keeping prices down for consumers.
"She recognized there has to be a broader understanding of
how we think about competition in the marketplace," Vance said
at an event in Washington in February.
The comments reflect a tension in the conservative movement,
between an impulse to shrink regulatory agencies and a
willingness to use antitrust laws to challenge powerful
corporations - especially in Big Tech, where some hope to tackle
perceived censorship of conservatives online.
Joseph Coniglio, director of antitrust policy at the
Information Technology and Innovation Foundation, said Vance is
among the latter.
"I do think that picking Senator Vance as vice president
certainly sends a signal in one direction," said Coniglio. His
think tank receives funding from several major technology
companies.
Scrutiny of Big Tech would not be a departure for Trump. The
FTC and Department of Justice under Trump initiated
investigations into Meta, Amazon ( AMZN ), Apple ( AAPL )
and Google over alleged antitrust violations.
All four companies were eventually sued, and have denied
wrongdoing.
Vance is a Yale-educated lawyer and venture capitalist who
worked at corporate law firm Sidley Austin and has helped Trump
fundraise in Silicon Valley. He has also called for the breakup
of one of its biggest companies.
"Long overdue, but it's time to break Google up," Vance
tweeted in February, lamenting that "monopolistic control of
information in our society resides with an explicitly
progressive technology company."
It remains to be seen what a potential second Trump
administration would focus on. The conservative Heritage
Foundation's Project 2025 policy platform discusses ways
conservative causes can be championed by antitrust enforcers,
but also questions whether the FTC should continue to exist.
Business groups have criticized President Joe Biden's
antitrust enforcers for going beyond traditional considerations
of how competition affects prices to focus on issues including
labor.
The U.S. Chamber of Commerce has sued to block the FTC's
recent ban on employers requiring workers to sign agreements not
to join rivals or launch competing businesses.
Vance said at the February event, hosted by Silicon Valley
startup incubator Y Combinator, that his view of antitrust
encompasses not only helping small firms compete, but also on
workers and the quality of consumer goods.
He disagreed with what he described as some conservatives'
view that corporations' behavior cannot be "tyrannical."
"I want people to live good lives in our country," he said.
"I don't really care if the entity that is most threatening to
that vision is a private entity or a public entity."