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ARTICLE · 15 MARCH 2024

White House Announces New Strike Force On Unfair And Illegal Pricing

Duane Morris LLP
Duane Morris LLP
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The federal government is taking a more aggressive approach to lowering prices and costs for American consumers.

United StatesAntitrust/Competition Law
Sean P. McConnell
Sean P. McConnell
William Shotzbarger
William Shotzbarger
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The federal government is taking a more aggressive approach to lowering prices and costs for American consumers. On March 5, 2024, President Joseph Biden announced a new Strike Force on Unfair and Illegal Pricing co-chaired by the Department of Justice (DOJ) and Federal Trade Commission (FTC). The strike force is yet another attempt by the federal government to implement the president's July 2021Executive Order on Promoting Competition in the American Economy.

According to the release, the strike force "will strengthen interagency efforts to root out and stop illegal corporate behavior that hikes prices on American families through anti-competitive, unfair, deceptive, or fraudulent business practices." The president has indicated that the strike force will "focus their collaborative efforts on key sectors where corporations may be violating the law and keeping prices high, including prescription drugs and health care, food and grocery, housing, financial services,

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