August 5, 2021
Economy

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.
  • U.S….

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