Washington, D.C. — The U.S. Chamber of Commerce’s Executive Vice President and Chief Policy Officer, Neil Bradley, released the following statement in response to the White House’s announcement of new government regulations on pricing of goods and services.
“Every minute of every day, Americans engage in close to 400,000 transactions, buying and selling goods and services. It is baffling that the administration believes it is going to help consumers by regulating how businesses price all of those transactions. The reality is this attempt at price controls will only stifle the innovation that leads to more choices and lower prices for consumers.
“The Chamber urges the administration to reverse course. We need a government that is focused on holding accountable those who defraud consumers, not one focused on micromanaging the economy.”
