Washington, D.C. - Today, House Judiciary Committee Chairman Jerrold Nadler (D-NY) and Subcommittee on Antitrust, Commercial, and Administrative Law Chairman David N. Cicilline (D-RI) issued the following statement on President Joe Biden's Executive Order on Promoting Competition in the American Economy:

"This is a watershed moment for American workers, small businesses, jobs, families, and our economy. For too long, unchecked consolidation and the rise of market power across the economy has held back the full potential of American ingenuity and economic prosperity. President Biden's Executive Order on Promoting Competition in the American Economy marks a critical turning point in our nation's history. It will usher in waves of economic opportunity and growth in industry after industry. It will help tackle the soaring cost of prescription drugs, protect Americans' privacy and data, help farmers and secure our nation's food supply, and give families greater access to affordable high-speed broadband Internet, among other vital competition goals. President Biden is following through on his promise to put hardworking Americans ahead of corporate monopolies, and we look forward to passing legislation that will complement this historic effort."