Reducing Anti-Competitive Regulatory Barriers
1. Purpose
The order aims to remove anti-competitive regulations, fostering competition, entrepreneurship, and innovation to enhance the American economy.
2. Key Actions And Directives
- Identification of Regulations: Agency heads are tasked to identify and review regulations that may hinder competition within 70 days.
- Public Input: The Chairman of the Federal Trade Commission must issue a request for public input within 10 days to gather insights on anti-competitive regulations.
- Consolidation by OMB: The Office of Management and Budget will assess and integrate proposed regulatory changes into the Unified Regulatory Agenda.
3. Important Points
- Responsibility of Agency Heads: Agency heads, along with the FTC Chairman and Attorney General, are primarily responsible for scrutinizing regulations that may restrict market competition.
- Focus on Specific Regulations: Regulations that promote monopolies, limit market entry, and impose unnecessary barriers will be specifically reviewed.
- Non-Enforceability Clause: The order does not grant any legal rights or benefits enforceable by individuals against the U.S.
- Implementation Context: The implementation of this order must align with existing laws and budget availability.
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