In a move focused on improving economic competition and removing unnecessary barriers, the President has issued a new order targeting anti-competitive regulations. The order aims to revitalize the American economy by eliminating regulations that predetermine economic winners and reduce entrepreneurship and innovation, which are essential for American consumers.
The process involves a review by agency heads, in consultation with the Chairman of the Federal Trade Commission and the Attorney General. They are to identify regulations that create monopolies, limit competition, impose unnecessary barriers, or burden procurement processes. Within 70 days, each agency head must submit a list of such regulations to the Chairman and the Attorney General.
The order further outlines that a public request for information will be issued for recommendations on which regulations fall within these categories. This will be followed by a review period after which a consolidated list will be prepared. This consolidated list, which will include recommendations for rescission or modification of these regulations, will be provided to the Director of the Office of Management and Budget.
The President's order, however, clarifies that it should not affect any authority granted by law to executive departments or their heads. It also specifies the order's implementation is subject to applicable law and available resources. Importantly, the order does not create any enforceable rights against the United States or its agencies.
