Workplace of Public Affairs | Assertion on Revocation of Biden-Harris Executive Order on Competitors

Today, the Department of Justice’s Antitrust Division salutes the President’s resolution to revoke Executive Order 14036. The Division will use this chance to proceed its work to recalibrate and modernize the Federal strategy to competitors coverage to swimsuit the wants of our dynamic and revolutionary economic system.

“America First Antitrust focuses on empowering the American people in the free markets, not enabling regulators and bureaucrats to prescribe outcomes,” mentioned Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “We are unleashing the new American Golden Age through antitrust enforcement that removes barriers to innovation and opportunity and limits regulatory burdens on free competition.”

Instead of an excessively prescriptive and burdensome strategy, the Division commends the Administration for selling competitors through tailor-made govt orders that decision for reducing drug costs and opening regulatory limitations to competitors. Beyond implementing these Executive Orders, the Antitrust Division has made regular progress in releasing up deal circulate by appropriately streamlining the Hart-Scott-Rodino Act (HSR) assessment course of. In explicit, the Division has reinstated the observe of granting early termination in uncontroversial HSR opinions in addition to reinstating a willingness to settle merger opinions with focused and well-crafted consent decrees. Both practices have been eschewed throughout the Biden administration. Moving ahead, the Division will proceed adapting in direction of targeted regulation enforcement that matches the complexity and tempo of the fashionable economic system.