Stock News, US News

Bidens bill is targeting everything

Takeaways from this bill as I read them. Interpret them as you wish but it is important for you to know if your investment is targeted in this bill

Promoting competition in the economy biden executive order July 9 2021

https://www.whitehouse.gov/briefing-room/presidential-actions/2021/07/09/executive-order-on-promoting-competition-in-the-american-economy/

-It starts now and not later than 30-45 days after the date of this order to begin chopping them down

-Excessive market concentration threatens america. Theyre rescinding or revising any regulations that promote this

-Takeaway jobs from tech, suppliers, etc and give them to startups

-Lower/regulate prices on all products basically

-Remove froth from valuation/market cap of bigs but will come back after competition establishes itself

-Raise salaries on big companies employees or have them leave to smaller startups with more salary

-Gonna start help/fund startups and competition

-Constraint/regulate/cap expansion of bigs

-Regulating them and their practices and their prices

-Get rid of noncompete agreements

-Soften occupational licenses so new competition may enter the market

-De concentrate/split/regulate- seed, fertilizer, feed, and equipment suppliers , poultry farmers, hog farmers, cattle ranchers, and other agricultural, internet platforms, online marketplaces, end monopoly profits.

-Online advertisements, prescription drugs and healthcare services, healthcare insurance, patents for drugs, telecommunications sector, broadband, cable television, financial-services sector, global container shipping industry, foreign-owned lines and alliances, foreign monopolies and firms, new industries and technologies.

-Serial mergers, the acquisition of nascent competitors, the aggregation of data, unfair competition in attention markets, the surveillance of users, and the presence of network effects.

-Alcohol and spirits, tool, tobacco, aviation, aerospace, rail industry, , shipping, hearing aids, weapons, spectrum and many others that will be announced

-Prohibiting early termination fees

-Challenge transactions whose previous consummation will now be reversed

-Increase generic drugs and biosimilars, low cost drugs

-End Hospital consolidation

-Regulate personal information harvesting

-Support aggressive legislative reforms to target all the above

-Enactment of a public health insurance option.

-Rescinding regulations that create unnecessary barriers to entry that stifle competition.

-Raise taxes to fund these endeavors

-Financial institutions and agriculture/commodities – review current practices and adopt a plan, not later than 180 days

-New policy for Alcohol and Tobacco Tax and Trade Bureau, shall be no later than 240 days

-Aviation changes not later than 30 days including no more ads in flight with fair competition. Not later than 45 days enforce refunds no more delays. Refund baggage fees when a passenger’s luggage is substantially delayed and other ancillary fees when passengers pay for a service that is not provided

submitted by /u/TonyMontanaIsNice
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