On April 14, the FTC released a Request for Public Comment seeking input on reducing anti-competitive regulations in accordance with Executive Order 14267. The FTC invites public comments to identify federal regulations that may harm competition within the economy. As described by the FTC, the initiative aims to ensure that regulations do not unnecessarily exclude new market entrants, protect dominant incumbents, or “predetermine economic winners and losers.”
The FTC has outlined specific areas of interest for public comment, including regulations that create or facilitate monopolies, impose unnecessary barriers to entry for new market participants, limit competition between entities, or establish licensure or accreditation requirements that unduly limit competition. Additionally, the FTC is interested in regulations that burden the agency’s procurement processes, limiting companies’ ability to compete for procurements, or otherwise impose anti-competitive restraints on the free market.
For each identified regulation, the FTC requests information including the regulation’s name, citation, effective date, and current status. Commenters are encouraged to provide specific language or provisions relevant to the anti-competitive effects, any applicable legal authority, and explanations of how the regulation operates in regard to anti-competitive effects. The FTC also seeks suggestions for eliminating or modifying such regulations to achieve intended objectives while mitigating anti-competitive impacts.
Comments must be submitted by May 27.
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