Moore: Harris Will Prioritize Business Growth

In a recent interview, Maryland's Democratic Governor Wes Moore outlined Vice President Kamala Harris's potential approach to regulatory policy should she win the presidency in November. He emphasized that Harris would prioritize small business growth and competition among large industries, aiming to create a more favorable environment for both sectors. Moore stated that supporting small businesses while facilitating competition for larger industries would be crucial to Harris's agenda. This proposed shift in focus represents a significant departure from the current Biden administration's aggressive antitrust and merger-skeptical stance. Moore noted that as Harris considers the dynamics of a future administration, she may adopt different philosophies that align more closely with pro-growth and pro-competition principles. His background as an investment banker and leader of a prominent anti-poverty charity adds weight to his insights on economic policy. The comments have sparked optimism among Wall Street dealmakers, who hope that a Harris administration might ease the stringent antitrust measures that have characterized Biden's presidency. Prominent Democratic donors have even urged Harris to consider replacing Federal Trade Commission Chair Lina Khan, known for her rigorous enforcement of antitrust laws. However, it is important to note that U.S. presidents cannot unilaterally dismiss leaders of independent agencies like the FTC, and Harris has not indicated any intention to diverge from the current administration's regulatory framework. In addition to her regulatory focus, Harris has also expressed intentions to combat hidden fees and surprise charges imposed by banks and other companies, aiming to protect consumers and enhance transparency in financial practices.