Biden considers order to use regulatory power to boost competition

Published: Oct. 25, 2021, 2:53 p.m.

President Joe Biden is considering issuing an executive order that would direct the federal government to tighten the reins on industries dominated by a few large companies.

The precise wording of the order is not yet known, but the gist of it is that instead of relying on antitrust enforcement, agencies should use regulation to promote competition in industries from agriculture to health care.