The US President Joe Biden signs a sweeping executive order to promote competition, including the formation of the White House Competition Council, and directs federal agencies to crack down on anticompetitive practices and concentrated markets

Antitrust enforcement in the United States could be reinvigorated to an extent not seen in decades as a result of President Biden’s sweeping executive order on “Promoting Competition in the American Economy” (the “Order”), which aims to enhance business competition, curb corporate dominance, and provide consumers and workers more choices and benefits across various industries ranging from agriculture to healthcare. The Order, which President Biden signed on July 9, 2021, directs federal agencies to crack down on anticompetitive practices and concentrated markets. During the signing, President Biden asserted that “capitalism without competition isn’t capitalism; it’s exploitation.” The White House also provided a Fact Sheet stating that the Order “established a whole-of-government effort to

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  • Constantine Cannon (New York)

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Grant Petrosyan, The US President Joe Biden signs a sweeping executive order to promote competition, including the formation of the White House Competition Council, and directs federal agencies to crack down on anticompetitive practices and concentrated markets, 9 July 2021, e-Competitions July 2021, Art. N° 102099

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