@EdLaborGOP Call Out FTC’s Unfair Treatment of For-Profit Colleges
WASHINGTON, D.C., November 15, 2021
WASHINGTON – Education and Labor Committee Republican Leader Virginia Foxx (R-NC) and Workforce Protections Subcommittee Republican Leader Fred Keller (R-PA) recently sent a letter to the Chairwoman of the Federal Trade Commission (FTC), Lina Khan, expressing concern over the FTC’s revival of a decades old authority to go after for-profit colleges. Rather than holding all institutions accountable, this action is yet another example of the Biden administration’s attempt to shutdown schools simply because of their tax status. The letter was also signed by Reps. Joe Wilson (R-SC), Burgess Owens (R-UT), and Michelle Steel (R-CA).
In the letter, Members questioned the FTC’s radical new interpretation of Section 5 of the Penalty Offense Authority and why the FTC singled out 70 for-profit colleges, creating the false perception that these colleges engaged in wrongdoing. Additionally, with Former FTC Commissioner Mr. Rohit Chopra now being head of the Consumer Financial Protection Bureau (CFPB), Members questioned the FTC’s ability to stay independent from the CFPB.