Timeline: Executive Order on Promoting Competition in the American Economy | Akin Gump Strauss Hauer & Feld LLP
[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.