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For Immediate Release

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Press Release

Statement on Executive Order on Promoting Competition in the American Economy

WASHINGTON -

Following the announcement of the Biden Administration's Executive Order on Promoting Competition in the American Economy, Demand Progress Education Fund Executive Director David Segal issued the following statement:

"This Executive Order provides further evidence that the Biden administration is serious about creating competitive markets and reducing the strangleholds that a few large corporations have on the respective sectors of the economy they operate in.

"The measures encouraged by this EO represent a wish list progressives and other pro-competition advocates have been promoting for years, and in some cases decades. From a ban on non-compete agreements that suppress wages and keep employees tied to jobs they would rather leave, to pushing for importation of cheaper prescription drugs from Canada - and from helping people switch between banks to addressing anti-competitive behavior in online marketplaces, these initiatives would improve the wellbeing of workers, small and mid-sized businesses, and consumers across essentially all major sectors of the American economy."

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