President Biden is likely to launch an abundance of actions after taking oath as the 46th president that will accompany his first major legislative push for economic relief. The plans for around a dozen executive orders aim to build momentum for a robust federal response to the pandemic, as well as establish a focus on the environment and racial equity as integral to US economy recovery.
Given the narrow Democratic majority in Congress, Biden is likely to push parts of his agenda through executive orders in the first 100 days. At the same time, as a veteran lawmaker with bipartisan instincts, the president will also pursue Congressional action. Biden has made the case for quick passage of his $1.9 trillion COVID-19 relief plan including more economic relief and funding for vaccine distribution.
Businesses should assess what can get done legislatively and alternatively, what priorities might advance through regulatory processes, executive action and spending bills. More on our outlook for tax, economic, workforce and healthcare policies and how these changes could impact your business here.