Executive Order on Competition in the American Economy

On July 20, 2021, Cravath prepared for its clients a resource entitled “President Biden Signs Executive Order Promoting Competition in the American Economy and Announces Nominee for Assistant Attorney General for Antitrust,” which summarized two key antitrust developments under the Biden administration in recent weeks. The resource examined Executive Order 14,0361 on “Promoting Competition in the American Economy,” which outlines the administration’s goal of enforcing antitrust laws and calls on federal agencies to promote competition through a series of reviews and rulemakings across industries. The resource also discussed President Biden’s announcement of his intent to nominate Jonathan Kanter as Assistant Attorney General for the Antitrust Division at the Department of Justice to promote strong antitrust enforcement and competition policy. The memo concluded that these developments indicate the administration’s commitment to increased antitrust enforcement in both merger review and conduct matters.

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