“We have now had a uncommon alternative on this administration to attempt to steer the enormous battleship of antitrust coverage in a brand new course,” Wu mentioned in a press release supplied by the White Home. “We have finished extra prior to now two years than I ever imagined attainable, and it has been the chance of a lifetime to work on that challenge with an exceptionally gifted group of colleagues on the White Home and federal companies.”
The New York Instances beforehand reported on Wu’s impending departure. POLITICO and different information organizations reported earlier this summer season that Wu was planning to step down.
Biden’s govt order centered on rising competitors in industries together with know-how, well being care, transportation and agriculture, and was designed to encourage companies outdoors the Justice Division and Federal Commerce Fee to focus their consideration on antitrust points I went.
Moreover, Wu helped lead the White Home on a largely unsuccessful effort to go new antitrust laws focusing on the tech sector.
“Over the previous two years, the federal authorities has moved not solely to reverse a long time of abrasion in antitrust enforcement, however to re-establish an awesome American custom of presidential management on competitors coverage, courting again to the eras of Franklin and Teddy Roosevelt.” is inflicting hurt,” NEC director Brian Dees mentioned in a press release. “Over the following two years, we’ll proceed to institutionalize bipartisan, pro-competition reforms throughout companies to lock on this progress for many years to come back.”