Steps to Increase Competition and Better Inform Consumers and Workers to Support Continued Growth of the American Economy
Headline: Agencies Ordered to Promote Competition and Inform Consumers
What it does: Agencies must identify and pursue actions to promote competition, inform consumers and workers, remove anti-competitive rules, and report plans to the National Economic Council.
- May prompt agencies to remove regulations that limit business competition.
- Requires agencies to submit action lists within 30 days and recommendations within 60 days.
- Aims to give consumers and workers clearer information for purchasing and jobs.
Summary
This order directs executive departments and agencies to use their authorities to promote competition, provide consumers and workers with better information, and remove rules that restrict competition without benefits. Agencies must identify actions, report an initial list within 30 days to the National Economic Council, submit recommendations within 60 days, and report semi‑annually thereafter. The stated goal is lower prices, better services, more new businesses, and increased opportunities for workers by stopping anticompetitive behavior.
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