The Department of Justice (DOJ) has announced its support for President Biden's decision to revoke Executive Order 14036, which previously aimed to enhance competition policy. The Antitrust Division sees this as an opportunity to modernize its approach to competition law, aligning it with the needs of a rapidly evolving economy.

Assistant Attorney General Abigail Slater emphasized that the new focus of the DOJ is on empowering American consumers and businesses in free markets rather than imposing strict regulations. The goal is to foster an environment that encourages innovation and reduces unnecessary regulatory burdens.

The DOJ commends the Administration for promoting competition through targeted executive orders, particularly those aimed at lowering drug prices and reducing regulatory barriers. Additionally, the Antitrust Division has made strides in streamlining the Hart-Scott-Rodino Act (HSR) review process, reinstating early terminations for uncontroversial reviews and showing a willingness to settle merger reviews with well-crafted consent decrees.

Looking ahead, the Antitrust Division plans to continue adapting its enforcement strategies to better match the complexities of the modern economy, ensuring that competition policy remains effective and relevant.