The FTC's 15-month investigation of Facebook's handling of consumer data has some lawmakers and activists calling for an entirely new agency to oversee the online industry
The federal government's struggles to rein in Facebook are driving some Democrats and consumer advocates to a stark conclusion: The agency charged with regulating Silicon Valley is not up to the task.
The FTC has a broad consumer protection mandate with oversight of everything from "hockey puck labeling to privacy," said Tom Wheeler, a former chairman of the Federal Communications Commission during the Obama administration. "It raises the question, can a single agency do all that? I think we're in the process of seeing the FTC answer that for us."Sign Up
Critics of the FTC also say the agency lacks the financial resources, technology expertise and political will to act as an aggressive regulator of Silicon Valley, home to the world's wealthiest and most technologically advanced companies. It's a complaint heard inside the agency as well.
One proposal: to create a new agency focused specifically on privacy protection. California Democratic Reps. Zoe Lofgren and Anna Eshoo — a key ally of Speaker Nancy Pelosi — are circulating a proposal that would create a 1,600-employee U.S. Digital Privacy Agency with an annual budget of $200 million. It's modeled on the Consumer Financial Protection Bureau that was created in 2011 at the urging of now-Sen. Elizabeth Warren in the wake of the global financial crisis.
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