Sullivan & Cromwell LLP Logo Sullivan & Cromwell LLP Logo
  • Lawyers
  • Practices
  • Insights
  • About
  • Careers
  • Alumni
  • Twitter icon
  • LinkedIn icon
  •  icon
  • Podcasts icon
© 2026 Sullivan & Cromwell LLP
    • Home
    • Lawyers
    • Practices
    • Insights
    • About
    • Careers
    • Alumni
    Home /  Insights /  Memos and Newsletters /  Memo
    S&C Memos

    President Biden Issues Wide-Ranging Competition Executive Order With Significant Implications for M&A Activity

    The Order Directs a Host of Federal Agencies to Take a More Interventionist Role in Regulating Competition and Preventing “Unfair” Business Practices; Major Agency Rulemakings and Policy Changes are Anticipated That Will Lead to Increased Scrutiny of M&A Activity and Business Practices in Many Industries, Including Banking, Technology, Tlecommunications, Transportation, and Healthcare

    July 12, 2021 | min read |
    • Related Practices

    On July 9, 2021, President Biden issued an Executive Order on “Promoting Competition in the American Economy” (hereinafter the “Order”), which includes a wide-ranging slate of initiatives and directives. The Order emanates from the Administration’s view that a “trend of corporate consolidation” has led to a diminution in competition that has, in turn, resulted in increased prices, stunted economic growth, and suppressed wages. It echoes President Obama’s 2016 executive order, which urged federal agencies to give greater consideration to competition issues, but goes further by suggesting specific rulemakings and policy changes, often on an agency-by-agency basis.

    Read More
    Stay Updated

    Subscribe to stay current on S&C Insights.

    Related Practices Related Practices

    • Antitrust
    • Mergers & Acquisitions
    Sullivan & Cromwell LLP Logo Sullivan & Cromwell LLP Logo
    • Twitter icon
    • LinkedIn icon
    • RSS Feed icon
    • Podcasts icon
    • Contact Us
    • Cookies
    • Privacy & Disclaimers
    • Attorney Advertising
    © 2026 Sullivan & Cromwell LLP