DOJ & FTC Launch effort to Roll Back over 125 Anti-Competitive Regulations
Washington D.C. – In a significant move to bolster free markets and encourage innovation, the Antitrust Division of the Department of Justice (DOJ) today announced a collaborative effort with the Federal Trade Commission (FTC) to identify and address over 125 regulations hindering competition across various sectors of the American economy.
This initiative stems directly from the President’s Executive Order on Reducing Anti-Competitive Regulatory Barriers, which tasked federal agencies with a comprehensive review of existing regulations. The goal: to dismantle rules that unfairly advantage established players and stifle the entry of new businesses.
Under the direction of President Trump, the DOJ, working closely with the FTC and other federal agencies, undertook a thorough, government-wide assessment.This review pinpointed regulations that distort market dynamics and impede healthy competition.
“in America, we champion free markets, not the heavy hand of government regulation or the dominance of monopolies,” stated Assistant attorney General Abigail Slater of the DOJ’s Antitrust Division.”By removing these anticompetitive barriers, we’re unleashing the potential of American innovators and entrepreneurs, empowering them to drive our nation’s future prosperity.”
The Executive Order explicitly recognized that federal regulations should not be used to predetermine market outcomes. Though, it acknowledged that certain regulations inadvertently ”exclude new market entrants,” creating an uneven playing field. The order directed the FTC Chairman and the Attorney General to collaborate with agency heads to compile a list of regulations ripe for rescission or modification based on their anti-competitive impact.
The FTC and DOJ have worked in close coordination throughout this process.Today, Chairman Ferguson formally submitted an extensive list of these identified anti-competitive regulations to the Director of the Office of Management and Budget, marking a crucial step towards regulatory reform.
This action signals a commitment to fostering a more dynamic and competitive economic landscape, one where innovation can flourish and consumers benefit from greater choice and lower prices.
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