Biden Competition Executive Order: Navigating Anticipated Regulatory Impact
On July 9, 2021, President Joe Biden issued a far-reaching executive order (EO) on Promoting Competition in the American Economy that establishes a “whole-of-government effort” aimed at reducing corporate consolidation. The EO calls for federal agencies to undertake 72 separate initiatives across a range of industry sectors, including financial services, technology, transportation and communication services.
We invite you to join us for a virtual discussion on the regulatory aspects of the EO, its potential policy outcomes, and practical impacts on affected businesses. The discussion will be led by Mayer Brown partners in our Public Policy Group who have held senior positions in the White House, the US Congress, and the Federal Communications Commission (FCC) with responsibility for competition policy.
Topics will include:
- Banking and Consumer Finance: Potential actions relating to consumer financial transaction data and Consumer Financial Protection Bureau (CFPB) enforcement
- Technology: Potential actions relating to privacy/consumer data and internet marketplaces
- Communication Services: Restoration of net neutrality rules and related similar actions
- Transportation: The EO’s focus on DOT enhancing coordination with DOJ to ensure competition in air transportation and providing oversight in aerospace-based transportation technologies
