(The Center Square) – Proposed legislation in Congress that would strengthen antitrust enforcement could cost the U.S. economy more than $319 billion if enacted, according to a recent economic study.
(The Center Square) – Proposed legislation in Congress that would strengthen antitrust enforcement could cost the U.S. economy more than $319 billion if enacted, according to a recent economic study.
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Over the course of his first six months in office, President Joe Biden has signaled a clear commitment to reinvigorate antitrust enforcement. On July 9, 2021, he took his most specific and comprehensive action on the subject yet, issuing an Executive Order on Promoting Competition in the American Economy (the Order).
1 A newly created White House Competition Council will oversee what is described as a “whole-of-government approach” that involves over a dozen federal agencies collaborating to carry out the Order’s 72 initiatives. The council, led by the director of the National Economic Council, will act as the nerve center, coordinating the implementation of the Order’s initiatives.
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