Federal Trade Commission Chairman Robert Pitofsky announced his resignation from the Commission, effective close of business Thursday, May 31, 2001, in a letter dated May 25, 2001 to President George W. Bush.
The text of the letter is as follows:
Dear Mr. President:
By this letter, I tender my resignation as Commissioner and Chairman of the Federal Trade Commission, effective May 31, 2001.
The Federal Trade Commission's principal responsibilities relate to preserving markets against anti-competitive intrusions and protection of consumers from unfair and deceptive practices. I believe completely in the validity of those goals and as a result have found it a privilege to chair this agency for a little more than 6 years. I hope and expect that this agency will continue to play a useful role in advancing the goals of a free, vigorous and fair economic system.