Biden Signs Executive Order to Curb Big Tech Anti-Competitive Practices
President Biden signs a sweeping executive order targeting anti-competitive practices in Big Tech and other major industries. The order directs multiple federal agencies to increase scrutiny of corporate consolidation and protect consumers.
President Biden signs a sweeping executive order that targets anti-competitive practices in Big Tech, labor, and various other sectors of the economy. The order includes 72 specific actions and recommendations involving over a dozen federal agencies, all designed to reshape the approach to corporate consolidation and modernize antitrust laws.
The directive specifically addresses the technology industry by urging regulators to increase scrutiny of tech mergers and crack down on "killer acquisitions" where large firms buy smaller brands simply to remove them from the market. It also encourages the FCC to restore net neutrality rules and block exclusivity deals between landlords and broadband providers to promote fairer internet access.
Beyond the technology sector, the executive order pushes the FTC to ban noncompete agreements and challenge prior bad mergers that previous administrations allowed. The White House establishes a new Competition Council to lead these efforts, arguing that unchecked corporate power exploits workers, stifles innovation, and harms consumers through reduced privacy and limited market choices.