Restructuring competition: The Biden executive order and beyond Antitrust experts from Penn reflect on the significance and likely consequences of the Biden Administration’s approach to competition policy. President Joe Biden recently issued a sweeping executive order calling for 72 new actions by the federal government aimed at increasing market competition and strengthening antitrust enforcement. In announcing his executive order, President Biden made it clear he was seeking to change the rules by which the U.S. economy operates: “We’re now 40 years into the experiment of letting giant corporations accumulate more and more power. I believe the experiment failed.” To illuminate some of the potential consequences and implications of Biden’s executive order, the Penn Program on Regulation organized a panel discussion with three of Penn’s leading scholars of antitrust law and policy: Herbert Hovenkamp, the James G. Dinan Professor at the University of Pennsylvania Carey Law School and the Wharton School; Jonathan Klick, law professor at Penn Law; and Ioana Marinescu, associate professor at the School of Social Policy and Practice.