The Federal Trade Commission’s (FTC) budget would increase by US$2.6 million under President Donald Trump’s fiscal 2020 government spending plan, released March 11, reported Bloomberg.
The Commission would receive US$312.3 million under the White House budget proposal, compared with the agency’s current funding level of US$309.7 million.
The proposed increase comes as the FTC faces pressure to enforce competition and consumer protection laws more vigorously, particularly when it comes to tech giants such as Facebook and Alphabet’s Google.
The FTC has also published an addendum to its strategic plan. The addendum removes one performance measure from the plan and replaces it with two new performance measures. The FY 2018-2022 Strategic Plan is the FTC’s road map of goals, objectives, and strategies that guides the agency’s work and serves as the basis for reporting the agency’s performance results.
Full Content: Bloomberg & FTC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
