FTC Chairman Applauds Revocation of Biden-Harris Executive Order on Competition
FTC Chairman Applauds Revocation of Biden-Harris Executive Order on Competition
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Federal Trade Commission Chairman Andrew N. Ferguson issued the following statement in response to President Trump's revocation of the Biden-Harris Administration’s 2021 Executive Order on competition policy:
"America’s markets are the most dynamic on Earth, responsible for enriching the entire world through technological innovations, lifting countless people out of poverty, and inspiring other countries to emulate our economic system. Our markets thrive when they operate freely and when the Federal government does not pick winners and losers but allows businesses to grow and innovate.
Today’s withdrawal of the Biden-Harris Executive Order on competition marks another break between the last Administration’s failed policies and the Trump-Vance Administration's focus on protecting everyday Americans from anticompetitive practices through tailored action, promoting economic growth, and ensuring that American workers benefit from competition for their labor.
The now-withdrawn Executive Order encouraged top-down competition regulations, and established a flawed philosophical underpinning for the Biden-Harris Administration’s undue hostility toward mergers and acquisitions. Consistent with President Trump’s recent Executive Orders, the Trump-Vance FTC is devoting its resources to enforcing the antitrust laws passed by Congress, for the benefit of all American consumers and workers—lowering the cost of living, improving the quality of goods and services, fostering new innovations, and leading to ever-greater prosperity for our Nation."
The Federal Trade Commission works to promote competition, and to protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases, and read our blog.
Persons4 and Companies1 in the news
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TRUMP Donald John
45th President of the United States
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BIDEN Joe
46th President of the United States
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HARRIS Kamala
Vice President–elect of the United States
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FERGUSON Andrew
Chairman of the Federal Trade Commission (FTC) and lawyer
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Alena Potapova Development Director
About company
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of c...
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