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FTC Has Focused Enforcement on Sectors of Economy with Greatest Impact on Consumers

Press release: “Presenting Federal Trade Commission testimony today before the U.S. House of Representatives Committee on the Judiciary’s Task Force on Antitrust and Competition Policy, Chairman Deborah Platt Majoras provided an overview of the FTC’s recent antitrust enforcement activities. Since the beginning of 2007, the Commission has had to be especially resourceful, as the number of premerger filings grew to 1,967, a 23 percent increase from the same time period of fiscal year 2006, and the number of requests for additional information also increased, reflecting a corresponding increase in investigative activity. The Commission’s merger enforcement actions also have increased, with 21 mergers in the past 11 months in which the FTC has brought actions to preserve competition, or in which the parties have abandoned mergers that were of anticompetitive concern….in FY 2007, the FTC brought 12 nonmerger enforcement actions.”

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