President Joe Biden on Tuesday announced a joint task force between the Federal Trade Commission and the Department of Justice to crack down on “unfair and illegal” corporate pricing.
The move comes just days before Biden’s annual State of the Union address to lawmakers and is something that could be discussed during his highly anticipated speech to Congress. The task force will be co-chaired by the DOJ and the FTC, and it will investigate illegal corporate behavior that results in anti-competitive or deceptive business practices.
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