White House Sets Multi-Agency ‘Strike Force’ Against Corporations for ‘Unfair and Illegal’ Prices Ahead of SOTU Address

Ahead of President Joe Biden’s third State of the Union (SOTU) address, the White House announced the creation of a new strike force to crack down on “unfair and illegal pricing” by corporations. On March 5, two days before the much-anticipated SOTU address, the White House announced it was launching a new, multi-agency Strike Force on Unfair and Illegal Pricing “to crack down on unfair and illegal pricing” and to ensure that “corporations are held accountable when they try to rip off Americans, including when they break the law while keeping prices high.” “President Biden is laser-focused on lowering costs for hardworking Americans by taking action to end corporate rip-offs and other unfair practices that keep prices high,” the Fact Sheet states, adding that, “Under the President’s leadership, agencies across the Administration are working to promote competition, protect consumers, and lower prices” by implementing President Biden’s July 9, 2021, Executive Order on Promoting Competition in the American Economy....