[c0-author: Taylor Daly]
On Friday, July 9, 2021, President Biden issued Executive Order (EO) 14036, “Promoting Competition in the American Economy” (see recent alert here). The EO includes 72 initiatives by more than a dozen federal agencies in an aim to address competition issues across the economy. In the view of the administration, the current trend of corporate consolidation requires a whole-of-government approach to drive down prices for consumers, increase wages for workers and facilitate innovation. Below, please find a general timeline with key dates outlined in the EO.
30 Days (August 8, 2021)
White House Competition Council (newly created under the EO)
Directs members of the Council to designate a senior official within their agency to be the point of contact with the Council and oversee the agency’s efforts to address competition issues.
President Biden issues sweeping Executive Order to promote competition | Hogan Lovells
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Biden s Competition EO Mandates Scrutiny Of Airline Practices - Transport
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