The following statement is attributed to SIIA President Jeff Joseph regarding President Biden’s signing of the Promoting Competition in the American Economy Executive Order:
“While we appreciate and welcome the administration’s efforts to ensure U.S markets remain competitive and open to new entrants, SIIA joins the growing chorus of trade associations, private and public companies, and other entities in expressing our concerns about this Executive Order. Specifically, we are concerned elements of this order will have the unintended impact of undermining U.S. global leadership in technological innovation, stifle our nation’s competitiveness, and have ripple effects across business sectors in part by discouraging the investments needed to promote new services, products and businesses.
“We look forward to working with the administration to ensure this measure and its implementation allows for input from industry and other stakeholders as we pursue our shared goals or promoting competition, ensuring continued innovation and economic growth, and providing value and choice to consumers, customers, and investors.”
