On Sept. 13, the Federal Trade Commission began its "Hearings on Competition and Consumer Protection in the 21st Century." In his opening remarks, FTC Chairman Joseph Simons explained that the hearings would address two critical questions: (1) Should the FTC (and courts) in antitrust matters consider the challenged conduct’s effects on factors outside the traditional consumer welfare standard (for example, employment, small business and community development concerns)? (2) How should the FTC ensure effective consumer protection in an economy increasingly dominated by advanced technologies?

In this first of a series on the FTC’s multipart hearings, we offer some key takeaways from the initial hearing.

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