A proposed $227M increase for antitrust

President Biden is proposing funding increases for the Federal Trade Commission (FTC) and the Department of Justice (DOJ)’s antitrust division as part of his $5.8 trillion proposal released Monday.

Biden’s 2023 budget would increase the DOJ’s antitrust division funding by $88 million and the FTC’s by $139 million.

The White House called it a “historic” increase in a fact sheet, saying it “reflects the Administration’s commitment to vigorous marketplace competition through robust enforcement of antitrust law.”

The requests to increase the funding come as the DOJ and FTC push forward with antitrust cases against tech giants, including Google and Facebook parent company Meta.