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Financial Services Law Insights and Observations

Wilson to resign as FTC commissioner

Federal Issues FTC

Federal Issues

On February 14, FTC Commissioner Christine Wilson announced plans to leave the agency. Wilson penned a Wall Street Journal op-ed, in which she took issue with a number of FTC Chair Lina Khan’s initiatives, including Khan’s antitrust policy and rulemaking efforts to ban the use of noncompete clauses in employee contracts. Wilson accused Khan of willfully disregarding congressionally imposed limits on agency jurisdiction, defying legal precedent, and abusing power to achieve desired outcomes. Chair Khan and Commissioners Rebecca Slaughter and Alvaro Bedoya issued a brief statement following Wilson’s announcement wishing “her well in her next endeavor.” The FTC is headed by five commissioners, each serving a seven year term, with no more than three commissioners coming from the same political party. With Wilson’s resignation, there are now two open seats on the Commission.