The President of the United States has issued an order to address regulatory barriers perceived as anti-competitive within the federal system. The stated purpose of the order is to eliminate regulations that reduce competition, entrepreneurship, and innovation, which are seen as detrimental to the American economy and consumer benefits.
The order mandates that heads of federal agencies, in cooperation with the Chairman of the Federal Trade Commission and the Attorney General, review existing regulations under their jurisdiction. They are tasked with identifying regulations that create or support monopolies, hinder new market entrants, limit competition, impose unnecessary licensing requirements, or otherwise distort the free market.
Agency heads are required to submit a list within 70 days of the order's issuance. This list will categorize regulations based on their anti-competitive nature and suggest whether these should be rescinded or modified. The President specifies that any necessary modifications should be briefly outlined and any regulations deemed anti-competitive by design should include a justification for such an approach.
Within 10 days of the order, a request for information (RFI) seeking public input will be issued. This will solicit comments on identifying and classifying regulations according to the criteria outlined. Following a 40-day comment period, relevant responses will be communicated to regulatory agencies.
Additionally, the Chairman, with assistance from the Attorney General and other officials, will compile a consolidated list of regulations proposed for rescission or modification. This compilation will be submitted to the Director of the Office of Management and Budget within 90 days of receiving the agency lists.
The order emphasizes that it should be enacted within the boundaries of existing laws and available appropriations and does not grant any new legal or equitable rights against the U.S. government or its officials.
The order was signed and issued from the White House on April 9, 2025.
