The news: The US Chamber of Commerce has weighed in against the rising tide of Big Tech regulation by attacking FTC Chair Lina Khan and taking up the cause against wider industry regulation.
Why it’s worth watching: The chamber is the nation’s largest business lobbyist, and it uses its substantial influence to protect the interests of its member businesses, per Bloomberg.
The bigger picture: Big Tech gains a vocal and powerful ally against government regulators with the involvement of the chamber. This comes after the technology industry’s biggest lobbying group, the Internet Association, disbanded last year.
The takeaway: The US Chamber of Commerce, which argues that regulation will stifle innovation, will continue to fight regulators like the FTC by attempting to discredit its leadership. This sentiment runs counter to White House arguments that corporate mergers and declining competition lead to higher prices for consumers.
It remains to be seen if additional lobbying pressure will quell the government’s toughening stance on regulation and if White House appointees can outlast lobbying efforts.
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