President Joe Biden on Tuesday ordered the Department of Justice and Federal Trade Commission to unite in tackling “unfair and illegal pricing” by holding corporations that illegally hike prices accountable.
“This Strike Force will strengthen interagency efforts to root out and stop illegal corporate behavior that hikes prices on American families through anti-competitive, unfair, deceptive, or fraudulent business practices,” the White House stated. “DOJ and FTC, along with other agencies on the Strike Force, will focus their collaborative efforts on key sectors where corporations may be violating the law and keeping prices high, including prescription drugs and health care, food and grocery, housing, financial services, and more.”
