NAM Critical of Biden’s Latest Executive Order

On July 9, President Joe Biden issued the 52nd executive order of his young presidency — this one titled “Promoting Competition in the American Economy.” The order directs various federal agencies to implement 72 actions aimed at impacting a range of economic activity, including expanding labor union participation, forcing OEMs to allow third-party repairs, and lowering prescription drug prices.

The National Association of Manufacturers (NAM) has published this summary of Biden’s order. NAM President and CEO Jay Timmons has said some of the order’s provisions “are solutions in search of a problem” and threaten to undo manufacturers’ progress by “undermining free markets.”

For details on the order’s call to ban non-compete agreements, read this insight by OMA Connections Partners Dinsmore and Vorys. 7/14/2021