Business: Open Season on the FTC

Regulation run amuck unleashes a congressional revolt

The usually somnolent annual congressional review of the Federal Trade Commission this year has resembled a West Waterford fox hunt, where packs of baying Irish hounds chase the hapless beast to ground. In both the House and Senate, committees have voted to reduce drastically the commission's powers. After the Senate Commerce Committee voted 15 to 0 last week to restrict the agency's authority and require it to submit to semiannual review, Missouri Republican John Danforth said: "If this doesn't stop them, I don't know what will."

Such...

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