What’s in Biden’s Large Business Executive Order

President Biden’s executive order sets out a plan to address what the administration sees as anti-competitive hot spots in several industries.

Some key points:

Health care
  • Calls on the Department of Health and Human Services to release a 45-day plan to tackle high prescription drug prices.
  • Calls on HHS to consider rules within 120 days to allow over-the-counter hearing aids.
  • Leads the Food and Drug Administration to help speed up imports of prescription drugs from Canada.
  • Encourages the Department of Justice and the Federal Trade Commission to review guidelines for hospital mergers.
  • calls on the HHS to support transparency rules for hospital prices, tackling surprise billing from hospitals; and standardize plans in the national health insurance market to facilitate comparative purchases.
Internet services
  • Encourages the Federal Communications Commission to prevent Internet service providers from entering into agreements with landlords that limit tenants’ choices for broadband services.
  • Calls on the communications regulator to require service providers to declare prices and tariffs and limit early termination fees.
  • Encourages the FCC to reinstate the “net neutrality” rules overturned by the Trump administration.
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