Antitrust enforcement?

“Capitalism without competition is not capitalism,” Biden said. “It is exploitation.” Some of that exploitation, according to the speech, appears to stem from Big Tech’s handful of multi-trillion dollar companies and their monopolistic business practices.

From day one, Biden’s administration has recruited top tech critics and pressured Congress to advance a handful of new antitrust laws that, if passed, could potentially shake up everything from Apple’s App Store dominance to Amazon’s allegedly self-preferencing of products on its platform. Several of those bills achieved wide bipartisan support and looked poised to pass last year, but ultimately fizzled out following a history lobbying attack from a leading tech platform. Biden encouraged lawmakers to pry those bills out from the grave and work across the aisle to make antitrust laws a reality.

“Pass bipartisan legislation to strengthen antitrust enforcement and prevent big online platforms from giving their own products an unfair advantage,” Biden said.

Biden was praised early in his presidency by progressives who cheered on his appointment of Big Tech critics in major roles at the FTC and DOJ which some refereed to as an Antitrust All Start Team. However, in the years since, both of those agencies have largely failed to stop major tech mergers and have even faced several key legal defeats. Tim Wu, one of the leading antitrust voices in Biden’s White House, also recently left his role.