Login on site

×
Login on site
logo
Capital Services
logo
  • Services
    • HR Consulting
    • Employee Benefits
    • Business Planning
    • Individual Coverage
    • Personal Planning
    • Wellness Planning
    • Compliance
    • Millennial Workforce Solutions
  • Who We Serve
    • Individuals
    • Employers
    • Mergers & Acquisitions
    • Human Capital
  • Culture
  • Approach
  • Blog
  • Quick Links
    • CSI Client Portal
    • Employee Benefits Portal
    • Individual Coverages
    • Carrier/TPA
  • Schedule a Call
July 26, 2021 by Capital Services in Business

Important Initiatives

  • Encourages the FTC to ban or limit non-compete agreements
  • Encourages the FTC to ban unnecessary occupational licensing restrictions that impede economic mobility
  • Encourages agencies to prevent employers from collaborating to suppress wages or reduce benefits by sharing wage and benefit information with one another
  • Establishes a White House Competition Council, led by the Director of the National Economic Council

The executive order seeks to increase competition and deliver concrete benefits to consumers, workers, farmers and small businesses. 

President Biden Issues Executive Order to Promote Competition in the American Economy

On July 9, 2021, President Joe Biden issued an executive order to promote competition in the American economy. As stated by the accompanying fact sheet, the order’s objectives include reducing the trend of corporate consolidation, increasing competition and delivering concrete benefits to America’s consumers, workers, farmers and small businesses.

Reducing Barriers to Competition

The order directs over a dozen federal agencies, including the Federal Trade Commission (FTC) to look into unfair competition practices, including, among other things:

  • Restrictive covenant and non-compete agreements;
  • Prescription drug prices;
  • Internet billing and termination practices;
  • Airline refunds and cost comparison practices;
  • Facilitating the mobility of banking transaction data; and
  • Increasing opportunities for small businesses by directing all federal agencies to promote greater competition through their procurement and spending decisions

Next Steps

The order does not invalidate any of the practices and procedures mentioned above.

However, industry experts recommend that employers take time now to review, at the very minimum, their use of restrictive covenant agreements and evaluate how this order may impact their practices.

0
Recommend
  • Facebook
  • Twitter
  • LinkedIN
  • Pinterest
Share
Tagged in

Categories

  • Business
  • Design
  • Employee Benefits
  • HR Consulting
  • Real life
  • Uncategorized

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • October 2019
  • June 2019
  • July 2016

We believe that passion for people builds innovative workplaces that have higher levels of performance, more engagement and satisfaction, and overall cost reduction in long term health-related expenditures.

Quick Links

  • CSI Client Portal
  • Employee Benefits Portal
  • Individual Coverages
  • Carrier/TPA

Contact Us

Corporate Headquarters

215 Washington Avenue
Suite 400
Towson MD 21204

443-608-5520

marketing@capital-services.com

© 2021 Capital Services. All rights reserved.
Terms and Conditions

logo

Please provide your name and email address and we will send you these resources right away.

  • This field is for validation purposes and should be left unchanged.




 

Username:
Password:

Client Portal Login


Username:
Password:
Retrieve your login information

Username:
Password:

Get your Guide to Creating a Hiring Process that Works now

  • This field is for validation purposes and should be left unchanged.

Client Portal Login


Username:
Password:
Retrieve your login information