Executive Order
Home > Executive Order
Reducing Anti-Competitive Regulatory Barriers
AI Summary:
This is a policy document - specifically an Executive Order issued by the President regarding the reduction of anti-competitive regulatory barriers.
This regulation directs federal agencies to review and potentially rescind regulations that limit market competition. The order requires agency heads to examine their existing regulations and identify those that: create monopolies, create barriers to market entry, limit competition between entities, impose unnecessary licensure requirements, burden procurement processes, or otherwise distort free market operations. Within 70 days, agency heads must provide the Federal Trade Commission (FTC) Chairman and Attorney General a list of such regulations, recommending whether they should be rescinded or modified. The FTC Chairman will also issue a 40-day public request for information to gather input on anti-competitive regulations. Within 90 days after receiving agency lists, the FTC Chairman will provide the Office of Management and Budget (OMB) a consolidated list of regulations that warrant rescission or modification. The OMB Director will then consult with relevant parties to potentially incorporate these proposed changes into the Unified Regulatory Agenda. The order emphasizes eliminating regulations that predetermine economic outcomes and hinder entrepreneurship and innovation.
Date:
04/15/2025