Biden Signs Executive Order on ‘Promoting Competition in the American Economy’

Headline Roundup July 9th, 2021

President Joe Biden signed a wide-ranging executive order on Friday targeting purportedly anti-competitive business practices via “72 initiatives by more than a dozen federal agencies.” The order encourages the FTC to ban or limit non-compete agreements, ban “unnecessary” occupational licensing restrictions, prevent employers from collaborating to suppress wages, establish rules on tech companies’ accumulation of data, and ban restrictions on the right to repair electronic devices and agricultural equipment. Furthermore, the order encourages the FCC to revive “Broadband Nutrition Labels” to help customers compare internet service providers (ISPs), prevent rules that limit apartment tenants’ ISP options, limit ISPs’ early termination fees, and restore the net neutrality rules undone by the Trump administration. The order also continues a policy of supporting prescription drug imports from Canada.

Coverage was widespread across the spectrum, with left- and center-rated outlets displaying coverage more prominently on homepages. Coverage on all sides focused on various parts of the order, such as those targeting big tech companies and the right to repair.

From the Right
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President Biden on Friday will sign a sweeping new executive order aimed at cracking down on anti-competitive behavior by Big Tech and other sectors including labor, health care and financial services.

Comprised of 72 actions and recommendations, the order is intended to promote competition in the U.S. economy by encouraging more than a dozen federal agencies to scrutinize corporate mergers and other ways that a growing number of companies build their outside market power, according to a White House fact sheet. 

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From the Center
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ANALYSIS

President Biden will sign an executive order Friday afternoon that takes aim at what the White House describes as the growing problem of corporate consolidation in U.S. and the higher prices, lower wages and reduced choice it imposes on workers and consumers.

The move is the latest salvo in a deepening war between the federal and state governments and big business over monopoly power and anticompetitive practices, and one the Biden administration hopes will boost the economic prospects of Americans without adding to the already substantial federal budget deficit.

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From the Left
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The White House has issued a “fact sheet” listing the industries and policies it’s addressing via an executive order that President Biden will sign later today — and technology is directly in the crosshairs.

That includes internet service providers, as Biden will encourage the Federal Communications Commission to restore net neutrality rules undone during the prior administration, require providers to report prices and subscription rates, and prevent ISPs from making deals with landlords that limit tenants’ choices.

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