Carl Hittinger ,left, and Ayanna Brown ,right, of Baker & Hostetler. Courtesy photos President Biden's New Strike Force on Unfair and Illegal Pricing
The strike force's launch is to continue the efforts of the president's Competition Council, which was established "to work across agencies to provide a coordinated response to overconcentration, monopolization, and unfair competition in or directly affecting the American economy."
March 25, 2024 at 11:00 AM
5 minute read
Antitrust
On March 5, President Joe Biden launched the strike force on unfair and illegal pricing (strike force) for the purpose of implementing policies in his July 9, 2021, "Executive Order on Promoting Competition in the American Economy." The strike force on unfair and illegal pricing is co-chaired by the Department of Justice (DOJ) and the Federal Trade Commission (FTC) with the goal to "strengthen interagency efforts to root out and stop illegal corporate behavior that hikes prices on American families through anti-competitive, unfair, deceptive or fraudulent business practices." Some of the key sectors the strike force has vowed to focus on are housing, prescription drugs and healthcare, food and grocery, and financial services.
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