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FTC Commissioner Noah Phillips, one of two Republicans on the commission, is set to resign in the fall.

FTC Commissioner Noah Phillips said in a written statement to President Joe Biden announcing his intent to resign this fall.
FTC Commissioner Noah Philips opposed antitrust laws against social media companies. Reuters / Liamiris / File Photo

One of the two Republicans of the Federal Trade Commission (FTC) He challenged several antitrust proceedings against social media companies, saying on Monday that he would resign later this year.

FTC Commissioner Noah Phillips is and resigns to President Joe Biden this fall.

Former Republican Senator John Cornyn's former chief adviser, Phillips, has challenged the antitrust proceedings filed against Facebook in December 2020 and is now Is known as Metaplatform META.O. .. He also challenged last month when FTC sought a court order to prevent Meta from purchasing virtual reality (VR) content maker Within Unlimited.

The Democratic Party has a 3 to 2 majority in the committee, and only three people from one party can participate.

 FTC will work with the Justice Department to enforce antitrust laws and investigate allegations of fraud by businesses.

April, Phillips said the Biden administration was "unprecedentedly hostile to mergers and acquisitions (M&A) in my life. There is. "

He claimed that "it was never active-certainly, it was a sclera" because President Joe Biden took over the enforcement of antitrust law. This means that not only will fewer cases be raised, but the process will be longer and decisions will be less.

The White House makes promoting competition a top priority. Brian Deese, director of the National Economic Council, said last month that Biden "promoted structural change to promote competition across the economy" and "more innovation and productivity in the country while lowering prices." , Create opportunities. "

Phillips and Republican buddies FTC Commissioner Last year, Christine Wilson scammed behind soaring petrol retail prices after Biden urged distributors. Requested the White House to disclose "evidence" of the act. To dig deeper into possible "illegal acts".

He said he had no response in January. "The antitrust investigation on the premise of Hume would have been a waste of resources," he said.