Reducing Anti-Competitive Regulatory Barriers
Agencies Ordered to Identify and Remove Anti-Competitive Regulations
What it does
Agencies must review regulations, list those that limit competition, and recommend rescission or modification.
Real-world impact
- May lead to rescinding or changing rules that create monopolies or entry barriers.
- Invites public comments through a 40-day request for information from the Federal Trade Commission.
- May reduce licensing and procurement hurdles for companies seeking federal contracts.
Topics
Summary
This order starts a government-wide review to find and remove regulations that block competition and stop new businesses from entering markets.
Agency leaders must identify rules that create monopolies, limit competition, impose unnecessary licensing or procurement burdens, or otherwise hurt market entry, and recommend whether to rescind or change them.
The Federal Trade Commission will seek public input for 40 days, and the Office of Management and Budget will consider consolidating recommended changes into the federal regulatory agenda to revive competition.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”