President Biden Calls for Antitrust Enforcement To Combat Rising Inflation
President Biden criticized consolidation and called upon the various executive departments and agencies to protect competition by exercising their regulatory authority with the ultimate goal of lowering consumer prices.
February 07, 2022 at 12:00 PM
8 minute read
President Biden has prioritized antitrust enforcement since the beginning of his term. He appointed progressive enforcers, Lina Khan and Jonathan Kanter, to positions in the Federal Trade Commission (FTC) and the Department of Justice (DOJ), respectively, and on July 9, 2021, he issued the Executive Order on Promoting Competition in the American Economy. Exec. Order No. 14,036, Fed. Reg. 36,987 (July 9, 2021). In the Executive Order, President Biden stated that "robust competition is critical to preserving America's role as the world's leading economy." Id. at 36,987. He criticized consolidation and called upon the various executive departments and agencies to protect competition by exercising their regulatory authority with the ultimate goal of lowering consumer prices. Id. at 36,987-36,989.
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