On Friday, July 17th,
Senator Ted Cruz sent a letter to FTC Chairwoman Edith Ramirez asking
the Commission to reject requests from Members of Congress and incumbent
businesses to apply regulations to the sharing economy. Senator Cruz stated
that burdensome regulations would restrict competition in the sharing economy
which “offers consumers enormous freedom and economic potential.” He also
declared the following: “In a number of instances, and in a number of states,
pre-existing regulatory regimes have been extended to new entrants in ways that
may ultimately deprive consumers of significant cost savings and convenience
that would otherwise accompany an expanded sharing economy.”
Free State
Foundation Scholars submitted comments to
the FTC before its June 9th workshop
regarding the sharing economy. (See this Perspectives
from FSF Scholars on the 8 takeaways from the workshop.) We commend Senator Cruz for
encouraging the FTC to promote permissionless innovation, marketplace freedom,
and consumer choice within the sharing economy.
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