> (l) To promote competition, lower prices, and a vibrant and innovative telecommunications ecosystem, the Chair of the Federal Communications Commission is encouraged to work with the rest of the Commission, as appropriate and consistent with applicable law, to consider:
> (e) To ensure Americans have choices among financial institutions and to guard against excessive market power, the Attorney General, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, the Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation, and the Comptroller of the Currency, is encouraged to review current practices and adopt a plan, not later than 180 days after the date of this order, for the revitalization of merger oversight under the Bank Merger Act and the Bank Holding Company Act of 1956 (Public Law 84-511, 70 Stat. 133, 12 U.S.C. 1841 et seq.) that is in accordance with the factors enumerated in 12 U.S.C. 1828(c) and 1842(c).
> (t) The Director of the Consumer Financial Protection Bureau, consistent with the pro-competition objectives stated in section 1021 of the Dodd-Frank Act, is encouraged to consider:I read through the whole thing, there are some decent ideas but a lot of filler.
https://www.whitehouse.gov/briefing-room/presidential-action...
If you think Google, apple, Microsoft, and Facebook are evil, then other kinds of business like Pharma, insurance, bank, agriculture are 10x Satan reborn combined.
> Big Tech has eclipsed yesterday’s big lobbying spenders, Big Oil and Big Tobacco. In 2020, Amazon and Facebook spent nearly twice as much as Exxon and Philip Morris on lobbying.
> Big Tech’s lobbyists are not just numerous, they are also among the most influential in Washington. Among the 10 lobbyists who were the biggest contributors to the 2020 election cycle, half lobby on behalf of at least one of the four Big Tech companies. Together, just these five lobbyists contributed over $2 million to the 2020 elections.
0. https://foundation.mozilla.org/en/campaigns/facebook-stop-gr... 1. https://www.vox.com/recode/22319681/vaccine-misinformation-f...
That said, yes, fintech and banking are conspicuously absent. Which kind of lets you know that they are just too powerful.
Fintech consumer products and services are rare with the exception of tax preparation. E-trading is becoming more popular, but existing consumer banks and brokerages are stepping up to compete across the board. Intuit’s TurboTax product is really the only example I can think of in the fintech industry that needs antitrust attention.
https://newrepublic.com/article/137798/important-wikileaks-r...
I've found that when engineers talk about politics, they're no more practical than anybody else. On HN I see a ton of uninformed and simplistic overbroad solutions. They imagine it's pragmatism, but they don't actually know any of the real problems.