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On August 29, 2020, a sign is seen at the Federal Trade Commission headquarters in Washington, D.C., United States. ANDREW KELLY/REUTERS (Reuters) – WASHINGTON, July 1 (Reuters) – The US Federal Trade Commission decided on Thursday to repeal a 2015 statement that stated that it will be led in enforcement by a “promotion of consumer welfare,” a decision that some experts believe could lower the threshold when it comes to filing antitrust litigation. The commission decided 3-2 to retract the statement at an open meeting held online, with Democrats voting in favor and Republicans voting against. Along party lines, the commission also approved a regulation restricting who can claim that goods are “Made in USA” and a move to streamline FTC rule-making. Diane Bartz contributed reporting, and Dan Grebler edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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