The Federal Trade Commission currently released a new Business office of Technology that will strengthen the FTC’s means to preserve pace with technological problems in the digital marketplace by supporting the agency’s regulation enforcement and plan get the job done.
“For more than a century, the FTC has worked to hold pace with new markets and ever-shifting technologies by building inside knowledge,” explained Chair Lina M. Khan. “Our workplace of technological innovation is a all-natural following action in guaranteeing we have the in-home competencies needed to completely grasp evolving technologies and marketplace tendencies as we carry on to tackle unlawful business enterprise practices and defend Individuals.”
The Office of Technological know-how will have focused employees and assets, and will be headed by Chief Technology Officer Stephanie T. Nguyen.
“I’m honored to lead the FTC’s Workplace of Technologies at this important time to strengthen the agency’s technical abilities and meet up with the immediately evolving troubles of the electronic economic system,” explained Nguyen. “I seem ahead to continuing to work with the agency’s gifted employees and making our workforce of technologists.”
The Place of work of Know-how will improve the FTC’s skills to assistance the company attain its mission of safeguarding buyers and selling level of competition. Specially, the new office environment will:
- Bolster and assist legislation enforcement investigations and steps: The office environment will support FTC investigations into business enterprise tactics and the technologies fundamental them. This incorporates aiding to establish acceptable investigative techniques, aiding in the evaluate and analysis of information and paperwork obtained in investigations, and aiding in the creation of effective therapies.
- Recommend and engage with personnel and the Commission on plan and study initiatives: The business office will perform with FTC staff and the Commission to give technological abilities on non-enforcement steps like 6(b) reports, stories, requests for information, coverage statements, congressional briefings, and other initiatives.
- Spotlight market tendencies and rising systems that impact the FTC’s function: The office will engage with the public and external stakeholders through workshops, research conferences, and consultations and highlight key trends and ideal methods.
The generation of the Office of Technological innovation builds on the FTC’s attempts over the decades to develop its in-household technological experience, and it brings the agency in line with other foremost antitrust and shopper security enforcers about the environment.
The Fee voted 4- to approve the generation of the Workplace of Know-how.