Congressman García’s Statement Regarding President Biden’s Executive Order on Competition and Consumer Protection

July 9, 2021
Press Release
“Today’s common-sense actions by President Biden are a big win for airline passengers, bank customers, and the economy.”

WASHINGTON, DC- Congressman Jesús “Chuy” García (IL-04), a member of the House Financial Services and Transportation & Infrastructure Committees, issued the following statement on President Biden’s Executive Order on promoting competition and empowering consumers: 

“Today’s Executive Order takes important steps to protect air travelers and advances consumer protections to clarify that consumers should get refunds for fees they pay for services they don’t actually receive. I have heard countless complaints from customers who pay high fees for basic services like checking bags or changing flights, and these fees apply even if a bag is not delivered on time or the airplane wi-fi doesn’t work. I look forward to working with President Biden and the U.S. Department of Transportation to continue to improve airline service for all travelers.”

“The White House’s common-sense action also helps working class people, like those I represent in Chicago, access credit. By encouraging regulators to strengthen scrutiny of bank mergers and ensure customers are able to transfer their financial data to another institution of their choice, my constituents will have more options and more power to change their bank. I look forward to working with the regulators to implement this order.”

Congressman García recently sent a letter with Congressman Steve Cohen (TN-09) and Senators Edward Markey (D-Ma)  and Richard Blumenthal (D-CT) urging United States Department of Transportation Secretary Pete Buttigieg to protect air travelers from the denial of cash refunds for canceled flights and the issuance of flight credits that will soon expire. The letter highlights this unfair and anti-consumer business practice that has spread through the aviation industry during the coronavirus pandemic.

In the 116th Congress he introduced the Bank Merger Review Modernization Act to strengthen regulatory review of bank mergers and led a letter to the Department of Justice urging the agency to modernize and strengthen its bank merger review process.

He also co-led the FAIR Fees Act, which would prohibit airlines from abusive pricing practices for things like checking baggage or changing flights by requiring any fees to be reasonable and proportional to the cost that the airlines incur for those services.

###