Biden signed a decree on measures against large business to combat absorptions and high prices

The decree is designed to protect the competitiveness of business and citizens' rights.

The signed decree contains a number of measures for a more thorough regulation of large business by federal agencies. The President invites them to pay attention to the actions of corporations that undermine the competitiveness of the economy and violate consumers' rights. It is reported by The New York Times.

What will the federal authorities have to do

• To develop new rules for checking mergers and acquisitions, especially when it comes to Silicon Valley companies;
• restore the rules of "network neutrality" for large Internet providers;
• Forbid to make agricultural equipment to farmers to repair it on their own;
• maintain the import of inexpensive drugs from Canada by the state authorities;
• allow to sell hearing aircraft without a prescription;
• improve the rules for checking the mergers of hospitals - such associations should not harm patients;
• prohibit or limit the measures by which the business holds workers from the search for the best place;
• remove "unnecessary" restrictions on obtaining professional licenses by employees;
• create a competition for competition at the White House, which will coordinate government measures against large corporations;
• strengthen the supervision of the absorptions of small market players with large companies with which they hold their dominant position;
• Introduce new restrictions for broadband providers of the Internet like Comcast, At & T and Verizon.

The New York Times experts note that Biden will probably be difficult to achieve the full execution of all the provisions of the decree. The Federal Trade Commission and the Federal Commission for Communications, to which the Decree assigns a key role, is not dependent on the president and its administration. And as practice shows, the federal authorities often refrain from compliance with existing antimonopoly laws and introduce new rules.

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