WASHINGTON, March 7 (Reuters) - The U.S. Senate late on
Thursday confirmed by voice vote two nominees to fill Republican
slots at the Federal Trade Commission.
President Joe Biden in July nominated Virginia Solicitor
General Andrew Ferguson and Utah Solicitor General Melissa
Holyoak to the five-member FTC.
The two Republicans will not change the balance of power at
the FTC, which enforces antitrust law and rules against
deceptive advertising, and currently has a Democratic chair,
Lina Khan, and two Democratic commissioners.
The Senate also on Thursday approved a new term for
Democratic FTC Commissioner Rebecca Slaughter. The FTC has been
without a Republican commissioner for nearly a year.
Under the Biden administration, the FTC has taken a
tougher stand against mergers it finds may lead to higher prices
for consumers or stunt innovation.
Last month, the FTC sued supermarket chain to block Kroger's ( KR )
$24.6 billion deal to buy smaller rival Albertsons ( ACI )
, saying it would boost grocery prices for millions of
Americans.
In September, the FTC filed a long-awaited antitrust lawsuit
against Amazon, accusing the online retailer of operating an
illegal monopoly, in part by fighting efforts by sellers on its
online marketplace to offer products more cheaply on other
platforms. Trial is set for October 2026.
In January, Amazon and robot vacuum maker iRobot
ended their plans to merge in the face of opposition from EU
antitrust regulators and the FTC.
Ferguson was chief counsel to U.S. Senate Republican Leader
Mitch McConnell from 2019 until 2021. He has also worked for
Senators Lindsey Graham and Chuck Grassley.
Holyoak has previously worked as an associate at the law
firm O'Melveny & Myers LLP, and at Hamilton Lincoln Law
Institute, which focuses on fighting class action lawsuits and
aggressive regulation, as well as at the Competitive Enterprise
Institute and the Center for Class Action Fairness.