On Oct. 19, President Trump nominated Joseph J. Simons to be the next Federal Trade Commission chairman. If confirmed, Simons would serve a full seven-year term and replace acting Chair Maureen Ohlhausen.
Simons led antitrust enforcement as director of the Bureau of Competition from 2001 to 2003, during which time the bureau produced a record number of nonmerger enforcements. Simons currently co-chairs the antitrust group at Paul, Weiss, Rifkind, Wharton & Garrison and co-developed the “critical-loss analysis” technique, which was applied in a number of court decisions and implemented in Department of Justice and FTC merger guidelines. Simons received degrees in economics and history from Cornell University in 1980 and graduated cum laude from Georgetown University Law Center in 1983.
The president also nominated Rohit Chopra, a senior fellow at the Consumer Federation of America, to fill one of three vacant seats on the FTC. An expert in financial services, Chopra served as assistant director of the Consumer Financial Protection Bureau from 2010 to 2015. Chopra was then appointed as the Treasury Department’s student loans ombudsman and later served as special adviser to the secretary of education. If confirmed, Chopra would serve the remainder of a seven-year term set to expire in September 2019. Chopra graduated from Harvard College and received his MBA from the Wharton School at the University of Pennsylvania.