Reducing Anti-Competitive Regulatory Barriers
Summary
This executive order directs federal agencies to review and rescind or modify regulations that create anti-competitive barriers. The goal is to promote competition, entrepreneurship, and innovation, ultimately benefiting American consumers. The order outlines a process for identifying and eliminating regulations that hinder free market operations.
Expected Effects
The likely effect is a reduction in the number of federal regulations perceived as anti-competitive. This could lead to increased market entry for new businesses and greater competition among existing firms. The result may be lower prices and more choices for consumers.
Potential Benefits
- Increased competition among businesses.
- Reduced barriers to entry for new businesses.
- Potential for lower prices for consumers.
- Encouragement of innovation and entrepreneurship.
- Streamlined procurement processes for government contracts.
Most Benefited Areas:
Potential Disadvantages
- Potential for reduced consumer protections if regulations are rescinded.
- Risk of environmental damage if environmental regulations are weakened.
- Possible negative impacts on worker safety if labor regulations are rolled back.
- Increased market instability due to deregulation.
- Difficulty in accurately identifying and rescinding truly anti-competitive regulations.
Constitutional Alignment
The executive order is based on the President's authority vested by the Constitution and laws of the United States. While the Constitution does not explicitly address regulatory reform, the order's stated purpose of revitalizing the American economy aligns with the general welfare clause. The order respects the separation of powers by tasking agencies with identifying regulations for review, rather than directly mandating specific changes.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).