Reducing Anti-Competitive Regulatory Barriers
- Executive Order Number
- 14267
- President
- Donald Trump
- Signed
- April 9, 2025
- Published
- April 15, 2025
- Source
- Federal Register
- Original Document
- https://www.govinfo.gov/content/pkg/FR-2025-04-15/pdf/2025-06463.pdf
AI-Generated Summary
Executive Order Summary
Purpose
The purpose of this executive order is to eliminate federal regulations that hinder competition, entrepreneurship, and innovation, thereby revitalizing the American economy. The order aims to prevent regulations from predetermining economic winners and losers by removing barriers that exclude new market entrants.
Key Actions or Directives
- Agency Review: Agency heads are required to review all regulations under their rulemaking authority and identify those that:
- Create or facilitate monopolies.
- Create unnecessary barriers to entry for new market participants.
- Limit competition between entities.
- Create or facilitate licensure or accreditation requirements that unduly limit competition.
- Unnecessarily burden agency procurement processes.
- Impose anti-competitive restraints on the free market.
- Reporting: Within 70 days, agency heads must submit a list of identified regulations to the Chairman of the Federal Trade Commission (FTC) and the Attorney General, along with recommendations for rescission or modification.
- Public Input: The FTC Chairman must issue a request for information (RFI) within 10 days to gather public input on these regulations, open for 40 days.
- Consolidated List: Within 90 days of receiving agency lists, the FTC Chairman, in consultation with the Attorney General and others, must provide a consolidated list of regulations to the Director of the Office of Management and Budget (OMB) for potential inclusion in the Unified Regulatory Agenda.
Significant Changes to Policy or Law
- The order initiates a systematic review and potential rescission or modification of existing regulations that are deemed anti-competitive.
- It introduces a structured process for identifying and addressing anti-competitive regulations, involving multiple federal agencies and public input.
Potential Impacts
- Government Agencies: Agencies will need to allocate resources to review and potentially modify their regulations, which could lead to increased workload and changes in regulatory frameworks.
- Citizens and Businesses: The order could benefit consumers and new market entrants by fostering a more competitive environment, potentially leading to lower prices and more innovation.
- International Relations: While primarily domestic in focus, the order could influence international perceptions of U.S. economic policy and competitiveness.
Stakeholders Affected
- Federal Agencies: Particularly those with rulemaking authority, such as the FTC, Department of Justice, and OMB.
- Businesses: Both existing market players and potential new entrants.
- Consumers: Who may benefit from increased competition and innovation.
- Public: Through the opportunity to provide input via the RFI process.
Legal, Constitutional, or Political Implications
- Legal: The order does not create enforceable rights or benefits, and its implementation must be consistent with existing laws and appropriations.
- Constitutional: The order is issued under the President's authority as granted by the Constitution and laws of the United States, reflecting the executive's power to direct federal agencies.
- Political: The order may be seen as a deregulatory move, potentially aligning with political agendas focused on reducing government intervention in the economy. It could face scrutiny or support based on political ideologies regarding regulation and competition.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.