By Abdullah Khan
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June 21, 2023
Readout of PPSI Business Leader Briefing with Federal Trade Commission Chair Lina Khan WASHINGTON D.C. – On Wednesday, June 21, 2023, Federal Trade Commission Chair Lina Khan joined the Public Private Strategies Institute (PPSI) for a Business Leader Briefing. Chair Khan was joined in discussion by Rhett Buttle, President of PPSI. The virtual event was joined by hundreds of business leaders to learn more about the FTC’s priorities and initiatives, and how the agency’s work impacts communities across the country. Chair Khan provided remarks on the history and the core missions of the FTC, as well as how her agency is dedicated to not only protecting consumers and consumer interests but also businesses who are trying to find their space in the marketplace. “Today the FTC enforces antitrust laws, which are really about promoting competition, making sure that businesses are able to compete on the merits.” said Chair Khan. “If somebody has a good idea and they’re able to get financing for that idea, the goal is to make sure whether they succeed or fail is linked to the success of their idea and not whether they are upsetting one of the existing giants.” Chair Khan discussed the agency’s recently proposed rule to ban non-compete clauses, current policy initiatives to promote consumer and small business safety within the digital space, and useful tools and services for small businesses nationwide. Additionally, Chair Khan had a conversation with Buttle and answered questions from small business owners and business leaders, about topics ranging from how the FTC works to support small businesses, to how the FTC approaches the balance of ensuring consumers have protections while supporting the usage of tools to drive small business growth. “During the pandemic many small businesses saw huge digital acceleration and a lot of Main Streets really turned to digital tools,” said Buttle . “We hear a lot of businesses empowered by digital tools, but also businesses struggling with Digital Tools. I’m curious how does the FTC approach this balance of protecting consumers and small employers, while at the same time allowing support for the many small businesses who are being accelerated by the digital economy?” “One of the top sources of complaints that we get from smaller businesses in the space of digital markets is that a lot of the key tools that you need to compete and access digital markets are controlled by a relatively small number of companies, so that’s one of the things that we’re looking at,” said Chair Khan. You can view an event of the recording below Note, this conversation was originally recorded on June 21, 2023.