Executive Order
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Addressing Security Risks From Price Fixing and Anti-Competitive Behavior in the Food Supply Chain
AI Summary:
This is a policy document - specifically an Executive Order issued by the President addressing potential security risks in the food supply chain.
This regulation establishes Food Supply Chain Security Task Forces within the Department of Justice and Federal Trade Commission to investigate potential anti-competitive behavior and foreign control in food-related industries. The task forces are directed to examine whether such practices increase food costs or pose national security threats, with authority to investigate food sectors including meat processing, seed, fertilizer, and equipment. The task forces must provide joint congressional briefings within 180 and 365 days of the order's date, describing their progress without revealing details of ongoing investigations. The Attorney General and FTC Chairman are empowered to take enforcement actions, propose new regulations, and initiate criminal proceedings if evidence of collusion is discovered. The order emphasizes protecting competition and affordability in the food supply chain, with a particular focus on potential risks from foreign-controlled corporations.