Obama to Name Leibowitz to New Term as FTC Chairman, Glaser to Terror Post

President Barack Obama will nominate Federal Trade Commission Chairman Jon Leibowitz to another seven-year term on the panel, according to a White House statement.

The president also intends to nominate Daniel Glaser to be the Department of Treasury’s assistant secretary for terrorist financing.

Leibowitz was sworn in as an FTC commissioner in 2004 and was named chairman by Obama in 2009. He is one of five FTC commissioners.

Leibowitz, 52, has set his sights on fighting so-called “Pay for Delay” agreements in the pharmaceuticals industry, when name brand drug firms pay makers of generic drugs to stay out of the market. Under his leadership, the FTC also called on the Internet industry in December to come up with a “Do Not Track” mechanism allowing consumers to say they don’t want their online behavior and data collected or used in targeted advertising as part of a wider report on Internet privacy.

Among Leibowitz’s accomplishments are last year’s settlement with Intel Corp. (INTC), the world’s largest chipmaker, to prohibit the use of threats, retaliation or exclusive deals to block customers from buying competitors’ products. The FTC also settled in June with Countrywide Financial Corp., which paid $108 million to resolve U.S. claims it charged excessive fees to struggling home buyers.

Glaser is currently Treasury’s deputy assistant secretary for terrorist financing and financial crimes, a post he’s held since 2004. He will be nominated to replace David Cohen, whom Obama selected last month to be under secretary for terrorism and financial intelligence, the department’s top official for fighting terrorist financing.

To contact the reporters on this story: Nicholas Johnston in Washington at njohnston3@bloomberg.net; Sara Forden in Washington at sforden@bloomberg.net.

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

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