Tracking presidential actions and other news.
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A Biden Administration regulation to tighten inspections at poultry plants is withdrawn by the USDA. The rule would have required chicken producers to limit levels of salmonella bacteria in their products.
The order directs Federal agencies including the Treasury, State, Justice, Homeland Security, Defense, Commerce, Labor, Energy departments, the United States Trade Representative, the Director of National Intelligence, and the Director of the Office of Science and Technology Policy to review the proposed acquisition of the United States Steel Corporation by Nippon Steel Corporation, Nippon Steel North America, Inc., and 2023 Merger Subsidiary, Inc. The Committee on Foreign Investment in the United States (CFIUS) is tasked with conducting a de novo, confidential review of the acquisition, identifying potential national security risks, and providing an opportunity for the parties to respond to such concerns.
The order directs Federal agencies to address unfair practices in the live entertainment industry. Specifically, the Attorney General and the Federal Trade Commission (FTC) are ordered to enforce competition laws in the concert and entertainment industry, rigorously enforce the Better Online Tickets Sales Act, ensure price transparency in the ticket-purchase process, and prevent unfair, deceptive, and anti-competitive conduct in the secondary ticketing market. Additionally, the Secretary of the Treasury and Attorney General are directed to ensure that ticket scalpers comply with the Internal Revenue Code and other applicable laws.
The order directs Federal agencies, specifically the Department of Commerce, in coordination with the Secretary of the Treasury and the Assistant to the President for Economic Policy, to establish an office named the United States Investment Accelerator within 30 days. The Investment Accelerator is tasked with facilitating and accelerating investments exceeding $1 billion in the United States, by assisting investors in navigating regulatory processes, reducing regulatory burdens, increasing access to national resources, facilitating research collaborations with national labs, and working with State governments to reduce regulatory barriers. The Investment Accelerator will be headed by an Executive Director and will also be responsible for the CHIPS Program Office within the Department of Commerce.
The Federal Deposit Insurance Corporation announced that banks can engage in crypto-related activities without prior approval, undoing a Biden-era mandate. Meanwhile, the Commodity Futures Trading Commission said that digital asset derivatives will be treated the same as other derivatives, eliminating previous uncertainties in the crypto derivatives market.
Revokes an EO from 2000 that directed agencies to provide non-English language materials. Directs agencies to carry out their duties as “they deem necessary” but does not direct them to stop providing non-English language materials.