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Sen. Hollings Mulling Salary Freeze For FTC Chairman, Commissioners

This article was originally published in The Rose Sheet

Executive Summary

A potential salary freeze against the Federal Trade Commission's five commissioners and senior staff, if enacted, would slow down the majority of FTC's operations indefinitely, according to the agency

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Any future agreement on merger clearance procedures would have to satisfy Senate Commerce Committee Chairman Fritz Hollings' (D-S.C.) concerns about concurrent jurisdiction, particularly for media mergers. FTC, DoJ notified Hollings, who also chairs Senate Appropriations/Commerce Subcommittee, May 20 that they would not follow through with March 5 agreement that divvied up jurisdiction by industry (1"The Rose Sheet" April 22, 2002, p. 8). Proposed compromise that would have given FTC jurisdiction over one-third of cable mergers was rejected by Commerce Committee staff May 17. DoJ cited "prospect of budgetary consequences" if it stood by original agreement; supplemental appropriations bills, marked up in Senate May 22, was potential vehicle for budget, salary cuts for agencies...

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