83 FR 38307 - Hearings on Competition and Consumer Protection in the 21st Century

FEDERAL TRADE COMMISSION

Federal Register Volume 83, Issue 151 (August 6, 2018)

Page Range		38307-38310
FR Document		2018-16608
The Federal Trade Commission seeks comment in connection with a forthcoming series of public hearings in the fall and winter 2018 to examine whether broad-based changes in the economy, evolving business practices, new technologies, or international developments might require adjustments to competition and consumer protection law, enforcement priorities, and policy. These hearings will cover a range of issues listed in the SUPPLEMENTARY INFORMATION section below. The Commission seeks the views of consumers, business representatives, economists, lawyers, academics, information technology professionals, and other interested parties. Commenters are invited to address one or more of the following topics generally, or with respect to a specific industry.
Federal Register, Volume 83 Issue 151 (Monday, August 6, 2018)
[Federal Register Volume 83, Number 151 (Monday, August 6, 2018)]
[Notices]
[Pages 38307-38310]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16608]


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FEDERAL TRADE COMMISSION


Hearings on Competition and Consumer Protection in the 21st 
Century

AGENCY: Federal Trade Commission.

ACTION: Notice of hearings and request for comments.

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SUMMARY: The Federal Trade Commission seeks comment in connection with 
a forthcoming series of public hearings in the fall and winter 2018 to 
examine whether broad-based changes in the economy, evolving business 
practices, new technologies, or international developments might 
require adjustments to competition and consumer protection law, 
enforcement priorities, and policy. These hearings will cover a range 
of issues listed in the SUPPLEMENTARY INFORMATION section below. The 
Commission seeks the views of consumers, business representatives, 
economists, lawyers, academics, information technology professionals, 
and other interested parties. Commenters are invited to address one or 
more of the following topics generally, or with respect to a specific 
industry.

DATES: The hearings will begin in September 2018 and are expected to 
continue through January 2019, and will consist of 15 to 20 public 
sessions. The sessions will be held in various locations throughout 
Washington, DC and in other parts of the country. For this stage of the 
public comment process, comments will be accepted on or before August 
20, 2018.

ADDRESSES: Interested parties may file a comment online or on paper, by 
following the instructions in the Public Comments portion of the 
SUPPLEMENTARY INFORMATION section below. Comments should refer to 
``Competition and Consumer Protection in the 21st Century Hearings, 
Project Number P181201.'' If an interested party wishes to comment on 
multiple topics, we encourage filing a separate comment for each topic. 
If an interested party wishes to make general comments about the 
hearings, we encourage filing a comment in response to Topic 1, using 
this link: https://www.regulations.gov/docket?D=FTC-2018-0048. For this 
stage of the public comment process, comments will be accepted until 
August 20, 2018. If you prefer to file a comment in hard copy, write 
``Competition and Consumer Protection in the 21st Century Hearing, 
Project Number P181201,'' on your comment and on the envelope and mail 
your comment to the following address: Federal Trade Commission, Office 
of the Secretary, 600 Pennsylvania Avenue NW, Suite CC-5610 (Annex C), 
Washington, DC 20580, or deliver your comment to the following address: 
Federal Trade Commission, Office of the Secretary, Constitution Center, 
400 7th Street SW, 5th Floor, Suite 5610 (Annex C), Washington, DC 
20024.

FOR FURTHER INFORMATION CONTACT: Derek Moore, Office of Policy 
Planning, 202-326-3367, or John Dubiansky, Office of Policy Planning, 
202-326-2182 or email us at [email protected].

SUPPLEMENTARY INFORMATION: The mission of the Federal Trade Commission 
(``FTC'' or ``Commission'') is to promote competition and to protect 
consumers from unfair and deceptive practices. In support of pursuing a 
vigorous law enforcement agenda, the FTC engages in substantial 
research to stay informed of market developments, shape its policy 
agenda, and identify opportunities to develop the law consistent with 
its enforcement authority. Beginning in September 2018, the FTC will 
hold a series of multi-day, multi-part public hearings (``hearings'') 
to consider whether broad-based changes in the economy, evolving 
business practices, new technologies, or international developments 
might require adjustments to competition and consumer protection law, 
enforcement priorities, and policy. The hearings pay tribute to, and 
are modeled after, the FTC's 1995 Global Competition and Innovation 
Hearings under the leadership of then-Chairman Robert Pitofsky. 
Chairman Pitofsky's hearings ``were the first major step in 
establishing the FTC as a key modern center for . . . `competition 
policy research and development' '' and ``sought to `articulate 
recommendations that would effectively ensure the competitiveness of 
U.S. markets without imposing unnecessary costs on private parties or 
governmental processes.' '' \1\ They ``re-energized one of the FTC's 
most valuable functions--to gather leaders in business, economics, law, 
and related disciplines to discuss tough, emerging problems and prepare 
public reports on the facts, issues, governing law, and the need, as 
appropriate, for change.'' \2\ Subsequent to the hearings, the 
Commission released two staff reports ``Anticipating the 21st Century'' 
on competition and consumer protection policy, respectively.\3\ This 
new series of hearings honors Chairman Pitofsky's legacy, and 
complements and enhances the agency's robust enforcement program.
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    \1\ Timothy J. Muris, More Than Law Enforcement: The FTC's Many 
Tools--A Conversation with Tim Muris and Bob Pitofsky, 72 Antitrust 
L.J. 772, 773 (2005).
    \2\ Id. at 774.
    \3\ Fed. Trade Comm'n Staff, Anticipating the 21st Century: 
Competition Policy in the New High-Tech, Global Marketplace (1996), 
https://www.ftc.gov/system/files/documents/reports/anticipating-21st-century-competition-policy-new-high-tech-global-marketplace/gc_v1.pdf; Fed. Trade Comm'n Staff, Anticipating the 21st Century: 
Consumer Protection Policy in the New High-Tech, Global Marketplace 
(1996), https://www.ftc.gov/system/files/documents/reports/anticipating-21st-century-competition-policy-new-high-tech-global-marketplace/gc_v2.pdf.
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    ``The progress of the Federal Trade Commission in its modern era 
has built

[[Page 38308]]

heavily upon the willingness of its people to assess their work 
critically and explore possibilities for improvement.'' \4\ The 
hearings and associated public comment process will provide 
opportunities for FTC staff and leadership to obtain input from a broad 
and diverse range of interested stakeholders and experts, and will 
stimulate thoughtful internal and external evaluation of the FTC's 
near- and long-term law enforcement and policy agenda. The hearings may 
identify areas for additional study, enforcement, advocacy, and policy 
guidance, including improvements to the agency's investigation and law 
enforcement processes.
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    \4\ The Federal Trade Commission at 100: Into Our 2nd Century: 
The Continuing Pursuit of Better Practices, A Report by Federal 
Trade Commission Chairman William E. Kovacic (2009), https://www.ftc.gov/sites/default/files/documents/public_statements/federal-trade-commission-100-our-second-century/ftc100rpt.pdf at (i).
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    The Commission will invite public comment in stages throughout the 
term of the hearings.
     Through August 20, 2018, the Commission will accept public 
comment on the topics identified in this announcement. Each topic 
description includes issues of particular interest to the Commission, 
but comments need not be restricted to these subjects.
     Additionally, the Commission will invite comments on the 
topic of each hearing session. The FTC will issue a news release before 
each session to inform the public of the agenda, the date and location, 
and instructions on submitting comment.
     The Commission will also invite public comment upon 
completion of the entire series of hearings.
    The Commission is especially interested in new empirical research 
that indicates (or contraindicates) a causal relationship with respect 
to any of the topics identified for comment. Upon review and 
consideration of a public comment highlighting such research, the 
Commission may request the voluntary sharing of the data and models 
underlying the comment, in accordance with general principles of peer 
review of social scientific inquiry, and consistent with 
confidentiality or other limitations on the sharing of such data.
    Commenters are invited to address one or more of the following 
topics generally, or with respect to a specific industry, such as the 
health care,\5\ high-tech,\6\ or energy \7\ industries. (1) The state 
of antitrust and consumer protection law and enforcement, and their 
development, since the Pitofsky hearings. Of particular interest to the 
Commission: (a) The continued viability of the consumer welfare 
standard for antitrust law enforcement and policy; (b) economic 
analysis and evidence on market competitiveness, enforcement policy, 
and the effects of past FTC enforcement decisions; (c) the 
identification of new developments in markets and in business-to-
business or business-to-consumer relationships; (d) the benefits and 
costs associated with the growth of international competition and 
consumer protection enforcement regimes; and (e) the advisory and 
advocacy role of the FTC regarding enforcement efforts by competition 
and consumer protection agencies outside the United States, when such 
efforts have a direct effect on important U.S. interests. Comments 
filed in electronic form should be submitted using this link: https://www.regulations.gov/docket?D=FTC-2018-0048.
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    \5\ See, e.g., Fed. Trade Comm'n, Emerging Health Care Issues: 
Follow-On Biologic Drug Competition (2009), https://www.ftc.gov/sites/default/files/documents/reports/emerging-health-care-issues-follow-biologic-drug-competition-federal-trade-commission-report/p083901biologicsreport.pdf; Fed Trade Comm'n & Dep't of Justice, 
Improving Health Care: A Dose of Competition (2004), https://www.ftc.gov/sites/default/files/documents/reports/improving-health-care-dose-competition-report-federal-trade-commission-and-department-justice/040723healthcarerpt.pdf.
    \6\ See, e.g., Fed. Trade Comm'n Staff, Protecting Consumers in 
the Next Tech-Ade (2008), https://www.ftc.gov/sites/default/files/documents/reports/protecting-consumers-next-tech-ade-report-staff-federal-trade-commission/p064101tech.pdf; Fed. Trade Comm'n Staff, 
Mobile Privacy Disclosures: Building Trust Through Transparency 
(2013), https://www.ftc.gov/sites/default/files/documents/reports/mobile-privacy-disclosures-building-trust-through-transparency-federal-trade-commission-staff-report/130201mobileprivacyreport.pdf.
    \7\ See, e.g., Fed. Trade Comm'n, The Federal Trade Commission 
Investigation of Gasoline Price Manipulation and Post-Katrina 
Gasoline Price Increases: A Commission Report to Congress (2006), 
https://www.ftc.gov/sites/default/files/documents/reports/federal-trade-commission-investigation-gasoline-price-manipulation-and-post-katrina-gasoline-price/060518publicgasolinepricesinvestigationreportfinal.pdf; Fed. Trade 
Comm'n, Gasoline Price Changes: The Dynamic of Supply, Demand, and 
Competition (2005), https://www.ftc.gov/sites/default/files/documents/reports/gasoline-price-changes-dynamic-supply-demand-and-competition-federal-trade-commission-report-2005/050705gaspricesrpt.pdf; Fed Trade Comm'n Staff, The Petroleum 
Industry: Mergers, Structural Change, And Antitrust Enforcement 
(2004), https://www.ftc.gov/sites/default/files/documents/reports/petroleum-industry-mergers-structural-change-and-antitrust-enforcement-report-staff-federal-trade/040813mergersinpetrolberpt.pdf; Fed. Trade Comm'n Staff, Competition 
and Consumer Protection Perspectives on Electric Power Regulatory 
Reform: Focus on Retail Competition (2001), https://www.ftc.gov/sites/default/files/documents/reports/competition-and-consumer-protection-perspectives-electric-power-regulatory-reform-focus-retail/electricityreport.pdf; Fed. Trade Comm'n Staff, Competition 
and Consumer Protection Perspectives on Electric Power Regulatory 
Reform (2000), https://www.ftc.gov/reports/competition-consumer-protection-perspectives-electric-power-regulatory-reform.
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    (2) Competition and consumer protection issues in communication, 
information, and media technology networks. FTC staff's 1996 
Competition Policy in the New High-Tech Global Marketplace report \8\ 
discussed the competitive analysis of both unilateral and joint conduct 
in industries subject to network effects; and FTC staff's 2007 
Broadband Connectivity and Competition Policy report \9\ addressed 
similar issues in the broadband internet access service market. Of 
particular interest to the Commission: (a) Whether contemporary 
industry practices in networked industries continue to present 
competition and consumer protection concerns like those discussed in 
the prior reports; (b) the welfare effects of regulatory intervention 
to promote standardization and interoperability; (c) the application of 
the FTC's Section 5 authority to the broadband internet access service 
business; and (d) unique competition and consumer protection issues 
associated with internet and online commerce. Comments filed in 
electronic form should be submitted using this link: https://www.regulations.gov/docket?D=FTC-2018-0049.
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    \8\ Fed. Trade Comm'n Staff, Anticipating the 21st Century: 
Competition Policy in the New High-Tech, Global Marketplace (1996), 
https://www.ftc.gov/system/files/documents/reports/anticipating-21st-century-;competition-policy-new-high-tech-global-marketplace/
gc_v1.pdf at Ch. 9.
    \9\ Fed. Trade Comm'n Staff, Broadband Connectivity Competition 
Policy (2007), https://www.ftc.gov/sites/default/files/documents/reports/broadband-connectivity-competition-policy/v070000report.pdf.
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    (3) The identification and measurement of market power and entry 
barriers, and the evaluation of collusive, exclusionary, or predatory 
conduct or conduct that violates the consumer protection statutes 
enforced by the FTC, in markets featuring ``platform'' businesses.\10\ 
Of particular interest to the Commission: (a) Whether the platform 
business model has unique implications for antitrust and consumer 
protection law enforcement and policy; and (b) whether and how the 
presence of ``network effects'' should affect the Commission's analysis 
of competition and consumer protection issues in these markets. 
Comments filed in electronic form should be submitted using this

[[Page 38309]]

link: https://www.regulations.gov/docket?D=FTC-2018-0050.
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    \10\ The Commission's workshop and report on the Sharing Economy 
addressed many issues related to ``platform'' businesses. Fed. Trade 
Comm'n Staff, The Sharing Economy: Issues Facing Platforms, 
Participants & Regulators (2016), https://www.ftc.gov/system/files/
documents/reports/sharing-[economy-issues-facing-pla]tforms-
participants-regulators-federal-trade-commission-staff/
p151200_ftc_staff_report_on_the_sharing_economy.pdf.
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    (4) The intersection between privacy, big data, and 
competition.\11\ Of particular interest to the Commission: (a) Data as 
a dimension of competition, and/or as an impediment to entry into or 
expansion within a relevant market; (b) competition on privacy and data 
security attributes (between, for example, social media companies or 
app developers), and the importance of this competition to consumers 
and users; (c) whether consumers prefer free/ad-supported products to 
products offering similar services or capabilities but that are neither 
free nor ad-supported; (d) the benefits and costs of privacy laws and 
regulations, including the effect of such regulations on innovation, 
product offerings, and other dimensions of competition and consumer 
protection; (e) the benefits and costs of varying state, federal and 
international privacy laws and regulations, including the conflicts 
associated with those standards; and (f) competition and consumer 
protection implications of use and location tracking mechanisms. 
Comments filed in electronic form should be submitted using this link: 
https://www.regulations.gov/docket?D=FTC-2018-0051.
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    \11\ The Commission has previously issued reports related to 
this area of inquiry, including id.; Fed. Trade Comm'n Staff, 
Internet of Things: Privacy and Security in a Connected World 
(2015), https://www.ftc.gov/system/files/documents/reports/federal-trade-commission-staff-report-november-2013-workshop-entitled-internet-things-privacy/150127iotrpt.pdf; and Fed. Trade Comm'n, Big 
Data: A Tool for Inclusion or Exclusion? (2016), https://www.ftc.gov/system/files/;documents/reports/big-data-tool-inclusion-
or-exclusion-understanding-issues/160106big-data-rpt.pdf.
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    (5) The Commission's remedial authority to deter unfair and 
deceptive conduct in privacy and data security matters. Of particular 
interest to the Commission: (a) The efficacy of the Commission's use of 
its current remedial authority; and (b) the identification of any 
additional tools or authorities the Commission may need to adequately 
deter unfair and deceptive conduct related to privacy and data 
security. Comments filed in electronic form should be submitted using 
this link: https://www.regulations.gov/docket?D=FTC-2018-0052.
    (6) Evaluating the competitive effects of corporate acquisitions 
and mergers. Of particular interest to the Commission: (a) The economic 
and legal analysis of vertical and conglomerate mergers; (b) whether 
the doctrine of potential competition is sufficient to identify and 
analyze the competitive effects (if any) associated with the 
acquisition of a firm that may be a nascent competitive threat; (c) the 
analysis of acquisitions and holding of a non-controlling ownership 
interest in competing companies; (d) the identification and evaluation 
of the exercise of monopsony power and buyer-power as arising from 
consolidation; (e) the identification and evaluation of differentiated 
but potentially competing technologies, and of disruptive or 
generational changes in technology, and how such technologies affect 
competitive effects analysis; and (f) empirical validation of the 
analytical tools used to evaluate acquisitions and mergers (e.g., 
models of upward pricing pressure, gross upward pricing pressure, net 
innovation pressure, critical loss analysis, compensating marginal cost 
reduction, merger simulation, natural experiments, and empirical 
estimation of demand systems). Comments filed in electronic form should 
be submitted using this link: https://www.regulations.gov/docket?D=FTC-2018-0053.
    (7) The evidence and analysis of monopsony power, including but not 
limited to, in labor markets. Of particular interest to the Commission: 
(a) The analytic framework applied to conduct and transactions that 
negatively or positively affect competition between employers as buyers 
in labor markets; (b) evidence regarding the existence and exercise of 
buyer monopsony or market power in properly defined markets, including 
by employers in labor markets; (c) the exercise of monopsony power 
through collusion, including in labor markets through employer 
collusion; and (d) the use of non-competition agreements and the 
conditions under which their use may be inconsistent with the antitrust 
laws. Comments filed in electronic form should be submitted using this 
link: https://www.regulations.gov/docket?D=FTC-2018-0054.
    (8) The role of intellectual property and competition policy in 
promoting innovation. The Commission has taken a dual-pronged approach 
to issues arising at the intersection of intellectual property and 
antitrust law: (1) Antitrust enforcement against harmful business 
conduct involving intellectual property; and (2) competition advocacy 
regarding the development of intellectual property law. The Commission 
has articulated its enforcement positions in a number of public 
documents, including the joint Commission and Department of Justice 
2017 Antitrust Guidelines for the Licensing of Intellectual Property 
\12\ and 2007 Antitrust Enforcement and Intellectual Property Rights 
report.\13\ The Commission has engaged in substantial competition 
advocacy with respect to the legal and policy regime related to 
intellectual property rights, including its three ``IP'' reports: The 
2003 To Promote Innovation \14\ report, the 2011 Evolving IP 
Marketplace \15\ report, and the 2016 Patent Assertion Entity Activity 
\16\ report. Of particular interest to the Commission: (a) The adoption 
and utilization of novel business practices (beyond those addressed in 
the Commission's prior guidance and actions) \17\ with respect to 
obtaining or enforcing intellectual property rights, where such 
practices may be inconsistent with the antitrust laws; (b) 
identification of contemporary patent doctrine that substantially 
affects innovation and raises the greatest challenges for competition 
policy; (c) evaluation of intellectual property litigation in 
competitive effects analysis; and (d) evaluation of efficiencies and 
entry considerations in technology markets in merger analysis. Comments 
filed in electronic form should be submitted using this link: https://

[[Page 38310]]

www.regulations.gov/docket?D=FTC-2018-0055.
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    \12\ Fed. Trade Comm'n & U.S. Dep. Justice, Guidelines for the 
Licensing of Intellectual Property (2017), https://www.justice.gov/atr/IPguidelines/download.
    \13\ Fed. Trade Comm'n & U.S. Dep. Justice, Antitrust 
Enforcement and Intellectual Property Rights: Promoting Innovation 
and Competition (2007), https://www.justice.gov/atr/public/hearings/ip/222655.pdf.
    \14\ Fed. Trade Comm'n, To Promote Innovation: The Proper 
Balance of Competition Law and Policy (2003), https://www.ftc.gov/sites/default/files/documents/reports/promote-innovation-proper-balance-competition-and-patent-law-and-policy/innovationrpt.pdf.
    \15\ Fed. Trade Comm'n, The Evolving IP Marketplace: Aligning 
Patent Notice and Remedies with Competition (2011), https://www.ftc.gov/sites/default/files/documents/reports/evolving-ip-marketplace-aligning-patent-notice-and-remedies-competition-report-federal-trade/110307patentreport.pdf.
    \16\ Fed. Trade Comm'n, Patent Assertion Entity Activity: An FTC 
Study (2016), https://www.ftc.gov/system/files/documents/reports/patent-assertion-entity-activity-ftc-study/p131203_patent_assertion_entity_activity_an_ftc_study_0.pdf.
    \17\ Enforcement and policy issues with respect to standard 
essential patents are discussed in Fed. Trade Comm'n & U.S. Dep. 
Justice, Antitrust Enforcement and Intellectual Property Rights: 
Promoting Innovation and Competition (2007), https://www.justice.gov/atr/public/hearings/ip/222655.pdf and have been the 
subject of seven FTC enforcement matters. Licensing conduct, such as 
tying and grantbacks, is discussed in the revised Fed. Trade Comm'n 
& U.S. Dep. Justice, Guidelines for the Licensing of Intellectual 
Property (2017), https://www.justice.gov/atr/IPguidelines/download. 
The behavior of Patent Assertion Entities is discussed in Fed. Trade 
Comm'n, Patent Assertion Entity Activity: An FTC Study (2016), 
https://www.ftc.gov/system/files/documents/reports/patent-assertion-entity-activity-ftc-study/p131203_patent_assertion_entity_activity_an_ftc_study_0.pdf.
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    (9) The consumer welfare implications associated with the use of 
algorithmic decision tools, artificial intelligence, and predictive 
analytics. Of particular interest to the Commission: (a) The welfare 
effects and privacy implications associated with the application of 
these technologies to consumer advertising and marketing campaigns; (b) 
the welfare implications associated with use of these technologies in 
the determination of a firm's pricing and output decisions; and (c) 
whether restrictions on the use of computer and machine learning and 
data analytics affect innovation or consumer rights and opportunities 
in existing or future markets, or in the development of new business 
models. Comments filed in electronic form should be submitted using 
this link: https://www.regulations.gov/docket?D=FTC-2018-0056.
    (10) The interpretation and harmonization of state and federal 
statutes and regulations that prohibit unfair and deceptive acts and 
practices. Of particular interest to the Commission: (a) Whether and to 
what extent other enforcement entities authorized to prosecute unfair 
or deceptive acts and practices apply FTC precedent in their 
enforcement efforts; and (b) whether the Commission can, and to what 
extent it should, take steps to promote harmonization between the FTC 
Act and similar statutes. Comments filed in electronic form should be 
submitted using this link: https://www.regulations.gov/docket?D=FTC-2018-0057.
    (11) The agency's investigation, enforcement and remedial 
processes. Of particular interest to the Commission: (a) Whether the 
agency's investigative process can be improved without diminishing the 
ability of the Commission to identify and prosecute prohibited conduct; 
(b) the extent to which the Commission's Part 3 process facilitates 
timely and efficient administrative litigation; (c) the efficacy of the 
Commission's current use of its remedial authority; and (d) willingness 
of affected parties to cooperate with the Commission in conducting 
post-investigation and enforcement retrospectives. Comments filed in 
electronic form should be submitted using this link: https://www.regulations.gov/docket?D=FTC-2018-0058.
    Public Comments: Interested parties may submit written comments on 
the topics listed above to the FTC. Electronic submission is preferred; 
comments in paper form are also accepted. FTC staff may use these 
comments in any subsequent reports or policy papers. Comments should 
refer to ``Competition and Consumer Protection in the 21st Century 
Hearings, Project Number P181201.'' If an interested party wishes to 
comment on multiple topics, we encourage filing a separate comment for 
each topic. If an interested party wishes to make general comments 
about the hearings, we encourage filing a comment in response to Topic 
1, using this link: https://www.regulations.gov/docket?D=FTC-2018-0048. 
For this stage of the public comment process, comments will be accepted 
until August 20, 2018.
    Postal mail addressed to the Commission is subject to delay due to 
heightened security screening. As a result, we encourage you to submit 
your comments online. If you prefer to file your comment on paper, 
write ``Competition and Consumer Protection in the 21st Century 
Hearings, Project Number P181201'' on your comment and on the envelope, 
and mail your comment to the following address: Federal Trade 
Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite 
CC-5610 (Annex C), Washington, DC 20580; or deliver your comment to the 
following address: Federal Trade Commission, Office of the Secretary, 
Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex 
C), Washington, DC 20024. If possible, submit your paper comment to the 
Commission by courier or overnight service.
    Because your comment may be placed on the publicly accessible FTC 
website at https://www.ftc.gov, you are solely responsible for making 
sure that your comment does not include any sensitive or confidential 
information. In particular, your comment should not include any 
sensitive personal information, such as your or anyone else's Social 
Security number; date of birth; driver's license number or other state 
identification number, or foreign country equivalent; passport number; 
financial account number; or credit or debit card number. You are also 
solely responsible for making sure that your comment does not include 
any sensitive health information, such as medical records or other 
individually identifiable health information. In addition, your comment 
should not include any ``trade secret or any commercial or financial 
information which . . . is privileged or confidential''--as provided in 
Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 
16 CFR 4.10(a)(2)--including, in particular, competitively sensitive 
information such as costs, sales statistics, inventories, formulas, 
patterns, devices, manufacturing processes, or customer names.
    Comments containing material for which confidential treatment is 
requested must be filed in paper form, must be clearly labeled 
``Confidential,'' and must comply with FTC Rule 4.9(c). In particular, 
the written request for confidential treatment that accompanies the 
comment must include the factual and legal basis for the request, and 
must identify the specific portions of the comment to be withheld from 
the public record. See FTC Rule 4.9(c). Your comment will be kept 
confidential only if the General Counsel grants your request in 
accordance with the law and the public interest. Once your comment has 
been posted on the public FTC website--as legally required by FTC Rule 
4.9(b)--we cannot redact or remove your comment from the FTC website, 
unless you submit a confidentiality request that meets the requirements 
for such treatment under FTC Rule 4.9(c), and the General Counsel 
grants that request.
    If any entity has provided funding for research, analysis, or 
commentary that is included in a submitted public comment, such funding 
and its source should be identified on the first page of any submitted 
comment.
    Visit the FTC website at http://www.ftc.gov to read this Notice and 
the news release describing it. The FTC Act and other laws that the 
Commission administers permit the collection of public comments to 
consider and use in this proceeding, as appropriate. For this stage of 
the comment process, the Commission will consider all timely and 
responsive public comments that it receives on or before August 20, 
2018.
    The FTC Act and other laws that the Commission administers permit 
the collection of public comments. More information, including routine 
uses permitted by the Privacy Act, may be found in the FTC's privacy 
policy, available at https://www.ftc.gov/site-information/privacy-policy.

    By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 2018-16608 Filed 8-3-18; 8:45 am]
 BILLING CODE 6750-01-P
Federal Register / Vol. 83, No. 151 / Monday, August 6, 2018 / Notices 38307

(12 U.S.C. 1461 et seq.) (HOLA), 2018 to examine whether broad-based SUPPLEMENTARY INFORMATION: The
Regulation LL (12 CFR part 238), and changes in the economy, evolving mission of the Federal Trade
Regulation MM (12 CFR part 239), and business practices, new technologies, or Commission (‘‘FTC’’ or ‘‘Commission’’)
all other applicable statutes and international developments might is to promote competition and to protect
regulations to become a savings and require adjustments to competition and consumers from unfair and deceptive
loan holding company and/or to acquire consumer protection law, enforcement practices. In support of pursuing a
the assets or the ownership of, control priorities, and policy. These hearings vigorous law enforcement agenda, the
of, or the power to vote shares of a will cover a range of issues listed in the FTC engages in substantial research to
savings association and nonbanking SUPPLEMENTARY INFORMATION section stay informed of market developments,
companies owned by the savings and below. The Commission seeks the views shape its policy agenda, and identify
loan holding company, including the of consumers, business representatives, opportunities to develop the law
companies listed below. economists, lawyers, academics, consistent with its enforcement
The applications listed below, as well information technology professionals, authority. Beginning in September 2018,
as other related filings required by the and other interested parties. the FTC will hold a series of multi-day,
Board, are available for immediate Commenters are invited to address one multi-part public hearings (‘‘hearings’’)
inspection at the Federal Reserve Bank or more of the following topics to consider whether broad-based
indicated. The application also will be generally, or with respect to a specific changes in the economy, evolving
available for inspection at the offices of industry. business practices, new technologies, or
the Board of Governors. Interested DATES: The hearings will begin in international developments might
persons may express their views in September 2018 and are expected to require adjustments to competition and
writing on the standards enumerated in continue through January 2019, and will consumer protection law, enforcement
the HOLA (12 U.S.C. 1467a(e)). If the consist of 15 to 20 public sessions. The priorities, and policy. The hearings pay
proposal also involves the acquisition of sessions will be held in various tribute to, and are modeled after, the
a nonbanking company, the review also locations throughout Washington, DC FTC’s 1995 Global Competition and
includes whether the acquisition of the and in other parts of the country. For Innovation Hearings under the
nonbanking company complies with the this stage of the public comment leadership of then-Chairman Robert
standards in section 10(c)(4)(B) of the process, comments will be accepted on Pitofsky. Chairman Pitofsky’s hearings
HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless or before August 20, 2018. ‘‘were the first major step in establishing
otherwise noted, nonbanking activities ADDRESSES: Interested parties may file a the FTC as a key modern center for . . .
will be conducted throughout the comment online or on paper, by ‘competition policy research and
United States. following the instructions in the Public development’ ’’ and ‘‘sought to
Unless otherwise noted, comments Comments portion of the ‘articulate recommendations that would
regarding each of these applications SUPPLEMENTARY INFORMATION section
effectively ensure the competitiveness
must be received at the Reserve Bank below. Comments should refer to of U.S. markets without imposing
indicated or the offices of the Board of ‘‘Competition and Consumer Protection unnecessary costs on private parties or
Governors not later than August 28, in the 21st Century Hearings, Project governmental processes.’ ’’ 1 They ‘‘re-
2018. Number P181201.’’ If an interested party energized one of the FTC’s most
A. Federal Reserve Bank of wishes to comment on multiple topics, valuable functions—to gather leaders in
Minneapolis (Mark A. Rauzi, Vice business, economics, law, and related
we encourage filing a separate comment
President), 90 Hennepin Avenue, disciplines to discuss tough, emerging
for each topic. If an interested party
Minneapolis, Minnesota 55480–0291: problems and prepare public reports on
wishes to make general comments about
1. MidCountry Acquisition Corp., the facts, issues, governing law, and the
the hearings, we encourage filing a
Minneapolis, Minnesota; to become a need, as appropriate, for change.’’ 2
comment in response to Topic 1, using
savings and loan holding company by Subsequent to the hearings, the
this link: https://www.regulations.gov/
acquiring 100 percent of the voting Commission released two staff reports
docket?D=FTC-2018-0048. For this stage
shares of MidCountry Bank, ‘‘Anticipating the 21st Century’’ on
of the public comment process,
Bloomington, Minnesota. competition and consumer protection
comments will be accepted until August
Board of Governors of the Federal Reserve policy, respectively.3 This new series of
20, 2018. If you prefer to file a comment hearings honors Chairman Pitofsky’s
System, July 31, 2018. in hard copy, write ‘‘Competition and
Yao-Chin Chao, legacy, and complements and enhances
Consumer Protection in the 21st the agency’s robust enforcement
Assistant Secretary of the Board. Century Hearing, Project Number program.
[FR Doc. 2018–16702 Filed 8–3–18; 8:45 am] P181201,’’ on your comment and on the ‘‘The progress of the Federal Trade
BILLING CODE P envelope and mail your comment to the Commission in its modern era has built
following address: Federal Trade
Commission, Office of the Secretary, 1 Timothy J. Muris, More Than Law Enforcement:

FEDERAL TRADE COMMISSION 600 Pennsylvania Avenue NW, Suite The FTC’s Many Tools—A Conversation with Tim
CC–5610 (Annex C), Washington, DC Muris and Bob Pitofsky, 72 Antitrust L.J. 772, 773
Hearings on Competition and (2005).
20580, or deliver your comment to the 2 Id. at 774.
Consumer Protection in the 21st following address: Federal Trade 3 Fed. Trade Comm’n Staff, Anticipating the 21st
Century Commission, Office of the Secretary, Century: Competition Policy in the New High-Tech,
Constitution Center, 400 7th Street SW, Global Marketplace (1996), https://www.ftc.gov/
sradovich on DSK3GMQ082PROD with NOTICES

AGENCY: Federal Trade Commission. system/files/documents/reports/anticipating-21st-
5th Floor, Suite 5610 (Annex C),
ACTION:Notice of hearings and request century-competition-policy-new-high-tech-global-
Washington, DC 20024.
for comments. marketplace/gc_v1.pdf; Fed. Trade Comm’n Staff,
FOR FURTHER INFORMATION CONTACT: Anticipating the 21st Century: Consumer Protection
SUMMARY: The Federal Trade Derek Moore, Office of Policy Planning, Policy in the New High-Tech, Global Marketplace
(1996), https://www.ftc.gov/system/files/
Commission seeks comment in 202–326–3367, or John Dubiansky, documents/reports/anticipating-21st-century-
connection with a forthcoming series of Office of Policy Planning, 202–326–2182 competition-policy-new-high-tech-global-
public hearings in the fall and winter or email us at CCPhearings@ftc.gov. marketplace/gc_v2.pdf.

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Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of hearings and request for comments.
Dates		The hearings will begin in September 2018 and are expected to continue through January 2019, and will consist of 15 to 20 public sessions. The sessions will be held in various locations throughout Washington, DC and in other parts of the country. For this stage of the public comment process, comments will be accepted on or before August 20, 2018.
Contact		Derek Moore, Office of Policy Planning, 202-326-3367, or John Dubiansky, Office of Policy Planning, 202-326-2182 or email us at [email protected]
FR Citation		83 FR 38307