The Biden administration is preparing an executive order to improve opportunities for consumers and small businesses by overseeing sectors of the economy dominated by select companies.
WASHINGTON — The Biden administration is preparing an executive order to improve opportunities for consumers and small businesses by monitoring sectors of the economy that are dominated by select companies, such as meatpacking and Internet service providers.
The order is yet to be finalized, but the overarching goal is to foster the spirit of competition that the administration considers central to capitalism, said a person familiar with the order, who asked anonymity to discuss its details. Spoke on condition. The order reflects concerns that the concentration of electricity leads to higher prices and poorer quality services.
The order will direct federal agencies to enforce existing rules to help them compete. In some cases, this could mean eliminating regulations that protect electricity for large companies. Two obvious goals would be to eliminate non-competitive agreements that limit how much money a worker can make by changing employers and addressing the meat-processing sector that is controlled by the four major companies.
The president made clear during his campaign that he is committed to increasing competitiveness in the American economy, including banning no-nonsense agreements for workers and protecting farmers from abusive practices, but no action is taken at this time. There is no final decision,” White said. House spokeswoman Emily Simmons.
Politico and The Wall Street Journal previously reported that an injunction on the matter would be signed soon.