Industry Voice: Biden Signals Government-Wide Push to Promote Competition

But changing rules and laws isn’t easy and would take time

clock • 2 min read
Industry Voice: Biden Signals Government-Wide Push to Promote Competition

President Joe Biden's nomination of key staffers and recent executive order (EO) focused on "promoting competition in the American economy" signaled his administration's strong support for a government-wide revision of antitrust and regulatory policies to address the harm that can come from anticompetitive practices and high levels of industry concentration. In our view, this EO signals a shift in the government's approach to industry consolidation, a development that could lead to tougher reviews of proposed business combinations, longer time frames for deals to close, and more terms and conditions that must be met for a transaction to gain approval.

 

 

 

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