The Biden administration released an executive order (EO) last week that is intended to enhance competition. While agencies still need to draft regulations in response to the EO, this plan could have a big and potentially negative impact on manufacturers in several sectors, according to the National Association of Manufacturers (NAM). The following sectors are included:
Antitrust provisions: The EO directs the Federal Trade Commission and Department of Justice to reexamine previously completed mergers and review the guidelines for both horizontal and vertical mergers.
“Right to repair”: Another key target of the EO was the so-called “right to repair”—the ability of third parties to repair sophisticated equipment, like tractors, without involving the manufacturer.
Health Care: The EO also covers certain practices in the health care and pharmaceutical industries.
Technology: The EO addresses technology policy in a number of ways, most prominently urging the reinstatement of “net neutrality” rules imposed by the Obama administration.
Transportation: Lastly, the EO addresses certain practices by railroads, airlines and other sectors in transportation.
Learn more about how these proposed changes could affect manufacturers.