Reducing Anti-Competitive Regulatory Barriers

What it means

Directs federal agencies to identify and eliminate regulations that restrict competition. Agency heads must review regulations and recommend those for removal that create barriers to entry, limit competition, or distort free markets within 70 days.

Expected impact

• Potential reduction in regulatory burden across multiple industries, leading to increased market entry and competition
• Possible removal of licensing requirements and other barriers that limit competition
• Greater economic opportunities for entrepreneurs and small businesses facing regulatory obstacles
• Streamlined government procurement processes allowing more companies to compete for contracts
• Some consumer protections may be weakened if regulations are eliminated without careful consideration of their original purpose