The US President Joe Biden signs an executive order on promoting competition in the American economy

In Short The Situation: President Biden recently signed an Executive Order on Promoting Competition in the American Economy (the "Order") outlining 72 initiatives by more than a dozen federal agencies to combat "excessive" corporate consolidation and increase competition across the U.S. economy, using a mix of regulation, deregulation, and aggressive antitrust enforcement. The Order focuses particular scrutiny on labor markets, as well as the agricultural, healthcare, and tech industries. Why it Matters: The Order prioritizes an Administration-wide goal of "vigorous" antitrust enforcement and broadens that effort beyond traditional antitrust enforcers, mobilizing other federal agencies to address competition policy goals—in some cases increasing regulatory intervention in markets.

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Jonathan M. Linas, Donald Mcgahn, Michael A. Gleason, Craig A. Waldman, David M. Morrell, Lisa M. Ledbetter, The US President Joe Biden signs an executive order on promoting competition in the American economy, 9 juillet 2021, e-Competitions July 2021, Art. N° 101544

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