Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The city’s far-reaching executive order covers Big Tech, net neutrality and more

The city’s far-reaching executive order covers Big Tech, net neutrality and more

The movement to get the FCC to restore net neutrality just got some serious traction. The White House just announced that President Joe Biden is signing a new executive order today that will establish a “whole government effort to promote competition in the U.S. economy.” In other words, it targets anti-competitive practices across a wide range of industries, including Internet services and technology.

The executive order contains 72 proposals and actions, among which it specifically states “the President calls on the FCC to restore the rules of net neutrality regretted by the previous administration.” It also asked the agency to consider limiting early termination fees and preventing ISPs from entering into agreements with landlords that restrict tenant choice. In addition, it called on the FCC to revive the broadband business label developed under the Obama administration that would provide greater price transparency.

The order also looked at how “dominant technology companies are undermining competition and reducing innovation”

;, and announced an administration policy with greater control over mergers. It would focus on “dominant Internet platforms”, in particular around “acquiring budding competitors, serial mergers, data accumulation, competition from” free “products and the impact on users’ privacy.”

As part of its breakdown of Big Tech, the ruling called on the Federal Trade Commission to “establish rules for monitoring and accumulating data” along with banning “unfair competition practices in Internet markets” and “restrictive restrictions on the use of independent repair shops or do-it-yourselfers.” repairs of your own devices and equipment. ”

In other industries such as banking and private finance, the order also called for more robust merger control. It also called on the Consumer Financial Protection Bureau (CFPB) to “issue rules that allow customers to download their bank data and take it with them.”

Similar notions of price transparency, consumer rights, increased control of mergers and prevention of excessive fees were widespread in the other industries covered. For example, in agriculture, the order also highlighted the need to give consumers the right to repair their tractors and equipment.

Suggestions for the healthcare sector include allowing over-the-counter hearing aids to be sold, supporting price transparency rules, preventing surprising hospital billing, and standardizing plan options at the National Health Insurance Marketplace for easier shopping comparisons. In the transport section, the airlines were the focus of the proposals. The order required rules on greater transparency and disclosure of baggage, change and cancellation fees, as well as better guidelines for when a company should issue reimbursement for delayed baggage or non-functioning services (such as WiFi entertainment or entertainment).

After the order is signed later today, the administration will have plenty of work to do to get these initiatives moving. It is not a guarantee that all the proposals announced here will eventually happen, but it is a clear sign that the Biden team is aware of the issues of competition, lack of transparency in several industries and other unfair practices. .

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