2021 Political Commentary and Analysis

President Joe Biden has signed an executive order that’s intended to reduce the complexity of government services, such as the processing of benefits and passports. He stated that the U.S. needs to design and deliver services in a way that every American can navigate easily. 

“We must use technology to modernize Government and implement services that are simple to use, accessible, equitable, protective, transparent, and responsive for all people of the United States,” he said in an announcement.

Improving customer service and service delivery

When the baseline for interacting with Americans was set in 1993, it required agencies that provide significant services directly to the public to gather feedback from consumers and establish standards that meet or exceed those provided by the private sector. 

Under the new order, government agencies will be tasked with improving service delivery and customer experience, making them “fundamental priorities.” One of the major service delivery items that the Biden administration is focusing on involves passports.

As any American who has tried to apply for or renew a passport knows, the process can take time and require a lot of jumping through hoops. To change that perception, Biden is asking the Secretary of State to “design and deliver a new online passport renewal experience that does not require any physical documents to be mailed.”

Digitize, digitize, digitize

Biden hammered home the importance of digitizing government forms and services. He specifically pointed out that the Veterans Administration needs to provide digital services through a single, integrated, and equitable digital platform on VA.gov and the VA mobile app. 

He also asked for a complete makeover of the USA.gov website so that it can be a centralized, digital “Federal Front Door” that citizens can use to access all government benefits, services, and programs. 

“Every interaction between the Federal Government and the public, whether it involves renewing a passport or calling for a status update on a farm loan application, should be seen as an opportunity for the Government to save an individual’s time (and thus reduce “time taxes”) and to deliver the level of service that the public expects and deserves,” Biden said.

“By demonstrating that its processes are effective and efficient, in addition to being fair, protective of privacy interests, and transparent, the Federal Government can build public trust.”

After months of wrangling and deal-cutting in Congress, President Biden has finally gotten to put his signature on one of his loftiest agenda items -- a $1.2 trillion infrastructure package. 

In the administration’s view, the law delivers on a long-overdue promise. It includes everything from rebuilding the country’s infrastructure to creating better jobs for millions of Americans. Below are some of the items that are included in the legislation.

What Americans can expect from the new law

A revamped infrastructure: When it comes to infrastructure, Biden says “things are going to turn around in a big way.” He said 2022 will be the first year in two decades that the U.S. infrastructure investment will grow faster than China’s. 

“We’ll once again have the best roads, bridges, ports, and airports over the next decade. And we’ll lead the world into the 21st century with modern cars and trucks and transit systems,” the President stated. 

The biggest overhaul in that laundry list will be roads and bridges. Biden said the rebuilding of those two items will be the most significant investment the U.S. has made in the past 70 years. Right behind that is the most significant investment in passenger rail the country has put forth in the last 50 years, as well as the most aggressive effort ever put in public transit. 

Jobs: With the investment in infrastructure also comes the need for workers to make that happen -- plumbers to replace all the lead pipes in the country, people to install broadband lines, workers to install electric vehicle charging stations. Biden says it will take tens of thousands of workers to export clean energy technologies to the rest of the world.

“This law delivers on that long-overdue promise, in my view. It creates better jobs for millions of Americans. And no one — no one earning less than $400,000 a year will pay a single penny in federal taxes because of it.”

Broadband: The new law intends to make high-speed internet affordable and available everywhere while boosting competition and creating more price transparency. That’s likely to be a hit with many consumers who are unhappy with their internet and a nation of parents who wrestled with getting their children set up for remote learning during the pandemic.

“Folks, as we saw with remote learning, remote working during the pandemic, access to high-speed Internet is essential… No parent should have to sit in a parking lot at a fast-food restaurant again just so their child can use the internet to do their homework. That’s over,” Biden said at his press conference announcing the passage of the law.

Electric vehicles: From the moment Biden entered the White House, he’s been championing electric vehicles -- everything from changing out the federal government’s fleet to all-electric vehicles to offering top-dollar incentives to consumers who buy one. Now, he has a real chance to advance all those hopes and says Americans can expect a “true” countrywide network of more than a half-million charging stations for electric vehicles.

“It is also going to make it possible for Americans to get off the sidelines and into the game of manufacturing solar panels, wind turbines, batteries to store energy and power for electric vehicles, including electric school buses, which will mean millions of children will no longer inhale the dangerous diesel fumes that come out of the buses,” Biden stated.

After two presidents at the Federal Reserve banks crossed the line in trades they made, senior officials have put new restrictions on investments in place to prevent an overreach from happening again.

The new rules forbid both policymakers and senior staff members at the Fed from buying individual stocks in active trading. They are also prohibited from holding market products like individual bonds or derivatives -- in fact, they can no longer hold any investment that is secured and backed by the government.

What’s left isn’t much, but it’ll have to do. Starting immediately, the only investments Fed officials can make are to purchase diversified investment vehicles, like mutual funds.

"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," said Federal Reserve Board Chair Jerome H. Powell.

Who crossed the line?

NPR reports that the two Fed bank presidents who crossed the line were Robert Kaplan and Eric Rosengren. Kaplan, who works at the Dallas Federal Reserve Bank, bought or sold stock worth more than a million dollars in 2020 in nearly two dozen companies, including Amazon and Delta Air Lines. Rosengren, who heads the Boston Federal Reserve Bank, bought or sold securities tied to real estate and made investments worth tens to hundreds of thousands of dollars in AT&T, Chevron, and Pfizer.

Those two were certainly in the right place at the right time, as the Fed was flooding the market with trillions of dollars. Both men tried to justify their trading by claiming they were in compliance with existing ethics rules. However, Kaplan and Rosengren won’t be putting themselves in danger anymore -- both have since announced their retirements.

Guarding against conflicts of interest

Powell said the Fed’s primary reason for drawing the new boundaries is simple: to help guard against even the appearance of any conflict of interest in the timing of investment decisions.

Going forward, policymakers and senior staff are obliged to provide 45 days advance notice for almost any financial investment purchase or sale they make. Plus, they have to hold on to those investments for at least one year. Additionally, no purchases or sales will be allowed during periods of heightened financial market stress. 

According to the Office of Financial Research, the U.S.’ financial stress level is in a safe zone, with the most recent stress spikes coming in March 2020, and April 2020, as the COVID-19 pandemic started to flare.

Late Thursday, President Joe Biden signed Congress' 11th-hour funding bill to prevent a nationwide government shutdown. The move gives the government access to enough funding to last through the weekend.

Talk about close calls -- government funding was set to expire at midnight. But Democrats, who control both the House and Senate, were adamant that the government would remain open. And, thanks to a sprinkling of bi-partisanship, the bill passed the House and Senate.

Earlier in the week, Treasury Secretary Janet Yellen warned Congress that the government needed to deal with the debt ceiling. She said if Congress failed to act and find a way to keep federal funding alive, a monetary default would likely be devastating.

Disaster and COVID-19 relief extended

H.R. 5305, the “Extending Government Funding and Delivering Emergency Assistance Act,” not only provides fiscal year 2022 appropriations to federal agencies through December 3; it also allows for the continuation and appropriation of certain projects such as disaster relief. 

Through an amendment crafted by Vermont senator Patrick Leahy, the bill keeps the National Flood Insurance Program's ability to sell new policies and renew existing ones afloat by providing $28.6 billion to address natural disasters like Hurricane Ida. Additionally, it provides assistance to support Afghan refugees and America’s Afghan partners.

“It meets critical and urgent needs of the nation, including disaster relief for both red and blue states hit hard by Hurricane Ida and other devastating natural disasters, and funding to help us resettle Afghan allies in the United States following the end of the 20-year war in Afghanistan,” Biden said in announcing the bill’s passage “will also keep up our fight against COVID-19 and—on this International Recovery Day—it will continue our battle against the opioid crisis.”

The Senate on Tuesday passed a $1.2 trillion bipartisan infrastructure package aimed at addressing the maintenance of roads, bridges, and broadband internet access. 

The legislation, called the Infrastructure Investment and Jobs Act, includes $550 billion in new funding over the next five years -- $110 billion is set to go toward roads, bridges and other projects; $65 billion will go toward broadband, $66 billion will be spent on passenger and freight rail, $55 billion will support water infrastructure, $39.2 billion will be set aside for public transit, $47.2 billion will go toward resiliency purposes, $7.5 billion will fund electric vehicle infrastructure, and $21 billion will address pollution. President Biden announced the successful vote on Twitter. 

"Big news, folks," Biden wrote. "The Bipartisan Infrastructure Deal has officially passed the Senate. I hope Congress will send it to my desk as soon as possible so we can continue our work of building back better."

Democrats pushing a paired deal

The measure was negotiated by a group of 22 bipartisan lawmakers and made it through the Senate in a 69-30 vote. Nineteen Republicans joined all 50 Democrats, but some members of the GOP expressed their opposition. 

“This isn’t exactly the bill I would have written on my own, in my office, and 99 of my colleagues would say the same. This is a compromise product crafted by colleagues with big, principled differences in a Senate with the narrowest possible split,” Senate Minority Leader Mitch McConnell (R-Ky.) said on the floor Saturday. 

The bill isn’t likely to be taken up by the House of Representatives until the fall. The House is out for recess until September 20. House Speaker Nancy Pelosi (D-Calif.) has indicated that she will not take up the infrastructure bill until Democrats’ separate proposal to expand the social safety net is passed. Senate Majority Leader Chuck Schumer (D-NY) has expressed optimism that the two-track plan will work. 

Schumer stated that he intends to move quickly on the resolution, and he noted that the reconciliation process was used earlier this year to pass the COVID-19 relief package despite unanimous Republican opposition.

"Today the Senate takes a decades overdue step to revitalize America's infrastructure and give our workers, our businesses, our economy the tools to succeed in the 21st century," Schumer said. "Of course, we Democrats believe we need to do much more. We are moving on to a second track, which will make generational transformation."

President Biden is set to sign an executive order on Friday that will impose new rules on big tech companies and internet service providers. The changes outlined in the order should ultimately help to promote competition and lower prices for consumers. 

Under the order, Biden will encourage the Federal Communications Commission (FCC) to reintroduce a “broadband nutrition label” to provide consumers with greater price transparency. 

The label will provide “basic information about the internet service offered so people can compare options,” the White House said in a fact sheet. “The Trump Administration FCC abandoned those plans.” 

The FCC will be urged to restrict early termination fees and to prohibit exclusivity arrangements, which force apartment buildings and rental units to use only one ISP. Additionally, the order will direct the FCC to restore the net neutrality rules that were undone in 2017, requiring broadband companies to treat all internet services equally. 

Targeting Big Tech 

The mergers of major internet platforms like Amazon and Facebook will also be scrutinized more carefully. 

The Biden administration said it will be paying “particular attention to the acquisition of nascent competitors, serial mergers, the accumulation of data, competition by ‘free’ products, and the effect on user privacy.” This is the type of deal that many believe Facebook exemplified when it bought Instagram and WhatsApp. 

The order also zeroes in on companies’ collection and use of consumer data and how it affects competition. 

"For decades, corporate consolidation has been accelerating. In over 75% of US industries, a smaller number of large companies now control more of the business than they did 20 years ago. This is true across health care, financial services, agriculture and more," the White House said in a statement.

"That lack of competition drives up prices for consumers. As fewer large players have controlled more of the market, mark-ups (charges over cost) have tripled. Families are paying higher prices for necessities -- things like prescription drugs, hearing aids, and internet service."

The White House said higher prices and lower wages caused by lack of competition are now estimated to cost the median American household $5,000 per year.

Other elements of the order

Under the order, the Federal Trade Commission (FTC) will be tasked with creating new rules on data collection. The agency will also be asked to clamp down on unfair competition in online marketplaces. 

The Biden administration also wants consumers to have the right to repair their own devices. The order encourages the agency to “limit powerful equipment manufacturers from restricting people’s ability to use independent repair shops or do DIY repairs, such as when tractor companies block farmers from repairing their own tractors.” 

Biden’s order also asks the Department of Health and Human Services to work up a plan to lower the cost of prescription drugs and prevent price gouging. It also pushes for states to be allowed to safely import prescription drugs from Canada, where medication costs are lower, and to allow for hearing aids to be sold over the counter. 

President Joe Biden is set to sign a bill on Thursday that will establish June 19 as Juneteenth National Independence Day, officially making it the eleventh federal holiday observed by the U.S. government. It’s the first federal holiday to be established since Martin Luther King Jr. Day was accepted in 1983.

Juneteenth celebrates the day in 1865 when Black slaves in Galveston, Texas, learned that they were free under the passing of the Emancipation Proclamation. The Juneteenth legislation passed by a unanimous vote in the Senate on Tuesday, and that was followed by another passing vote in the House of Representatives on Wednesday by a vote of 415 to 14. 

In 2020, a bill that attempted to establish Juneteenth as a federal holiday was blocked in Congress by Sen. Ron Johnson, who said its passage would cost U.S. taxpayers hundreds of millions of dollars. However, he put aside those objections this year after Sens. Ed Markey (D-Mass.), Tina Smith (D-Minn.), Cory Booker (D-N.J.), John Cornyn (R-Texas), and Rep. Sheila Jackson Lee (D-Texas) reintroduced the bill in February.

“Although I strongly support celebrating Emancipation, I objected to the cost and lack of debate," Johnson said in a statement. "While it still seems strange that having taxpayers provide federal employees paid time off is now required to celebrate the end of slavery, it is clear that there is no appetite in Congress to further discuss the matter.”

A momentous day

Despite Johnson’s objections, many lawmakers celebrated the passage of the bill and described it as an important step in U.S. history. 

"Juneteenth commemorates the moment some of the last formerly enslaved people in the nation learned that they were free. Making Juneteenth a federal holiday is a major step forward to recognize the wrongs of the past. But we must continue to work to ensure equal justice and fulfill the promise of the Emancipation Proclamation and our Constitution,” said Senate Majority Leader Chuck Schumer in a statement.

“What I see here today is racial divide crumbling, being crushed this day under a momentous vote that brings together people who understand the value of freedom,” said Rep. Sheila Jackson Lee ahead of Biden’s signature.

On Tuesday, the Senate unanimously passed a resolution establishing June 19 as Juneteenth National Independence Day, a holiday commemorating the day in 1865 that slaves in Galveston, Texas, learned of their freedom. 

If the legislation passes the House, it will be sent to President Biden’s desk and will likely be designated as a federal holiday. House Republican Leader Kevin McCarthy has said he will support the bill when it comes to the floor, and Biden has previously said he recognizes the significance of commemorating Juneteenth. 

Sens. Ed Markey (D-Mass.), Tina Smith (D-Minn.), Cory Booker (D-N.J.), John Cornyn (R-Texas), and Rep. Sheila Jackson Lee (D-Texas) reintroduced the bill in February. 

The legislation encountered opposition in 2020 when Wisconsin Republican Sen. Ron Johnson blocked it. Johnson argued that establishing it as a day off for federal employees would cost U.S. taxpayers hundreds of millions of dollars. This week, he dropped his objection but stood by his concerns. 

"Although I strongly support celebrating Emancipation, I objected to the cost and lack of debate," he said in a statement. "While it still seems strange that having taxpayers provide federal employees paid time off is now required to celebrate the end of slavery, it is clear that there is no appetite in Congress to further discuss the matter."

Acknowledging the wrong that was done

If passed by the House and signed by President Biden, the federal holiday would mark the day -- June 19, 1865 -- that Major General Gordon Granger of the Union Army landed in Galveston, Texas, and delivered the news that enslaved people were free under the Emancipation Proclamation.

"Juneteenth commemorates the moment some of the last formerly enslaved people in the nation learned that they were free," Senate Majority Leader Chuck Schumer said in a statement. "Making Juneteenth a federal holiday is a major step forward to recognize the wrongs of the past. But we must continue to work to ensure equal justice and fulfill the promise of the Emancipation Proclamation and our Constitution."

In a statement, Sen. Markey said the U.S. has "failed to acknowledge, address, and come to grips with our nation’s original sin of slavery."

"Today’s Senate passage of our legislation to commemorate Juneteenth as a federal holiday will address this long-ignored gap in our history, recognize the wrong that was done, acknowledge the pain and suffering of generations of slaves and their descendants, and finally celebrate their freedom," he stated.

President Joe Biden has finished drafting his annual budget proposal, and it appears to lean heavily into investments in domestic spending and public support programs. 

The Office of Management and Budget sent the proposal to congressional lawmakers on Friday. The 2022 budget plan calls for $1.5 trillion in spending, with Biden requesting discretionary funding to support K-12 education, medical research, housing, and civil rights, among other priorities. 

“The upcoming appropriations process is another important opportunity to continue laying a stronger foundation for the future and reversing a legacy of chronic disinvestment in crucial priorities,” said OMB Acting Director Shalanda Young. “Together, America has a chance not simply to go back to the way things were before the COVID-19 pandemic and economic downturn struck, but to begin building a better, stronger, more secure, more inclusive America.”

The discretionary funding to-do list

Below is a list of several of the priorities that the Biden administration is focusing on when it comes to discretionary funding in 2022:

Investing in High-Poverty Schools: The Biden administration wants to invest $36.5 billion in Title I grants, an increase of $20 billion from 2021. The money is meant to address funding disparities between economically diverse communities and provide more support to low-income areas.

Fighting the Opioid Epidemic: The opioid epidemic has been raging in the U.S. for years. To help put it to an end, the Biden team wants to invest $10.7 billion to support research, treatment, and recovery support programs within at-risk communities.

Tackling Climate Change: To address the growing threat of climate change, the Biden administration is looking to increase investment by $14 billion in 2022 to go towards climate change initiatives. This includes helping developing countries reduce emissions to improve global climate health. 

Addressing Homelessness: The discretionary spending plan calls for $30.4 billion for Housing Choice Vouchers so that 200,000 more families can obtain “vital assistance” for housing. Another $500 million will be added to the American Rescue Plan to prevent homelessness in 100,000 more households.

Reinvigorating Civil Rights Enforcement: The Biden administration plans to invest $209 million to help protect marginalized communities. Some of the initiatives that money would go towards include police reform, prosecution of hate crimes, voting rights enforcement, and mediation and conciliation services for community conflicts related to discriminatory practices, among other related activities. The funding would also create more civil rights offices in federal agencies.

You can read a detailed breakdown of the White House’s proposed discretionary budget here.

President Biden is set to sign two executive orders on Thursday afternoon, one aimed at expanding enrollment for the Affordable Care Act during the COVID-19 pandemic and another to address reproductive health. 

In a White House fact sheet, the Biden administration argued that opening a special enrollment period will help a significant number of Americans while the pandemic rages on. By giving Americans another chance to enroll, the administration hopes more people will sign up for health care. 

"Reliable and affordable access to health insurance doesn't just benefit families' health; it is a critical source of economic security and peace of mind for all," the administration said.

Expanding the ACA

Under the order, the Department of Health and Human Services (HHS) would open a three-month enrollment period from February 15 to May 15 on Healthcare.gov. The order will also direct agencies to “re-examine” their current policies with the aim of making sure consumers have unencumbered access to protections and care. 

During his presidential campaign, Biden promised to expand the Affordable Care Act, saying health care should be a “right, not a privilege.” Biden will also address the issue of reproductive health on Thursday, specifically by doing away with the “Mexico City Policy” -- the rule that blocks U.S. funding to international nonprofits that provide counselling or referrals for abortion. 

The president is also expected to expand access to family planning and reproductive care for low-income people. He’s asked the HHS to "take immediate action to consider whether to rescind regulations under its Title X family planning program.” 

In a new executive order, President Biden has ordered the Department of Justice (DOJ) to phase out contracts with private prisons. 

The president said the executive order, which was signed on Tuesday, is part of a larger push to end racial inequity in America through governmental changes. The order directs the DOJ to stop renewing contracts with privately managed prisons, which some argue do not have effective models in place for rehabilitating offenders. 

“To decrease incarceration levels, we must reduce profit-based incentives to incarcerate by phasing out the federal government's reliance on privately operated criminal detention facilities,” Biden wrote in the order.

More than 14,000 federal inmates are housed at privately-run criminal detention facilities, which is just a small percentage of the nearly 152,000 inmates currently in federal prisons. Biden said the order is “a first step to stop corporations from profiting off of incarceration.”

Reforming the prison system

At a White House press briefing, Susan Rice, the president’s domestic policy advisor, said privately run prisons “profiteer off federal prisoners and are proven to be, or found to be by the Department of Justice inspector general, less safe for correctional officers and prisoners.”

Rice noted that Biden’s order does not apply to private-prison contracts with other agencies, such as Immigration and Customs Enforcement (ICE).

On Twitter, Sen. Elizabeth Warren (D - Mass.) praised Biden's order but said more action was needed. Warren said the president should also move to end the use of private facilities to hold immigrants. 

"Our justice and immigration systems reward private prison companies for locking up more people in worse conditions. I've repeatedly called for an end to private prisons, and I'm glad President Biden is taking action. For-profit immigrant detention facilities have to go too," Warren tweeted.

President Joe Biden is set to sign an executive order today aimed at strengthening U.S. manufacturing.

During his campaign, Biden said that he would bolster the government’s Buy American rules if elected. Monday’s “Made in America” order will come with a 180-day deadline to formalize changes, according to an administration official. 

"He believes we can rebuild the vitality of American manufacturing and our industrial strength. A big piece of that is centered around the idea that when we use taxpayer money to rebuild America, we buy American and we support American jobs," the official said.

Under the order, the Buy American program will be modified to make it more difficult for contractors to sell foreign-made goods to federal agencies. The order will also make it harder to obtain waivers that let agencies avoid the Buy American rules. 

Investing in U.S. workers

The manufacturing industry took a hit under the COVID-19 pandemic, and the sector is still down 543,000 jobs since February 2020, according to the Bureau of Labor Statistics. 

The order is part of Biden’s "Build Back Better" plan to revitalize the U.S. economy. It seeks to ensure that "when the federal government spends taxpayer dollars they are spent on American made goods by American workers and with American-made component parts," the White House said in a briefing document.

The newly installed president has signed 30 executive orders in less than a week. A majority have focused on fighting the COVID-19 pandemic, and many have reversed policies enacted under the Trump administration. 

The president has started the process of bumping the minimum wage for federal workers to $15 and hour and has set out to provide additional relief to very low-income Americans. Additional orders focusing on racial equity, climate, health care, and immigration are expected to come this week. 

During his second day in office, President Joe Biden is expected to sign two more executive orders -- one focusing on expanding food assistance and delivering stimulus checks to low-income Americans, and the other directing federal agencies to bump the minimum wage for federal workers to $15 an hour. 

The COVID-19 pandemic has led to significant financial hardship for many, and those who are out of work or struggling to buy food “can’t afford to wait,” said Brian Deese, the National Economic Council director. 

"We're at a precarious moment in our economy," Deese said on Thursday. "We saw again today 900,000 new claims for unemployment insurance, another week at a level above any week during the Great Recession. "More than 10 million Americans are out of work, 14 million Americans are behind on their rent and nearly 30 million adults and as many as 12 million children are experiencing food insecurity."

"So many are hanging by a thread. They need help, and we are committed to doing everything we can to provide that help as quickly as possible,” he said, adding that the president’s actions aren’t a substitute for comprehensive legislative relief, “but they will provide a critical lifeline to millions of American families.”

Fighting the pandemic 

Last week, Biden proposed a $1.9 trillion relief package to Congress. The plan would give $1,400 in additional direct payments to Americans, offer enhanced unemployment benefits, and provide federal aid to state and local governments, among other measures.

Biden is also pushing to increase access to food for children who are missing meals due to pandemic-related school closures. The directive could provide a family of three with more than $100 in additional support every two months. 

“USDA will consider issuing new guidance that would allow states to increase SNAP emergency allotments for those who need it most. This would be the first step to ensuring that an additional 12 million people get enhanced SNAP benefits to keep nutritious food on the table,” a White House fact sheet said.

Since becoming president, Biden has signed 27 executive orders. He’s made fighting the pandemic and its effects a key focus during his first 100 days. 

The incoming Biden administration has signaled many policy changes that it plans to make in the days ahead, and many will affect consumers. Most have drawn applause from consumer advocates.

“Our administration will hit the ground running to deliver immediate, urgent relief to Americans; confront the overlapping crises of COVID-19, the historic economic downturn, systemic racism and inequality, and the climate crisis; and get this government working for the people it serves,” Pres-elect Joe Biden said in a statement shortly before his inauguration. 

“These tireless public servants will be a key part of our agenda to build back better — and I am confident they will help make meaningful change and move our country forward.”

Among the highest-profile initiatives, Biden has said he wants to send every American an additional $1,400 to supplement the $600 contained in the end-of-the-year stimulus bill. However, he will need the cooperation of Congress to do that.

Executive orders

But there are plenty of changes Biden can make through executive orders, just as his predecessor did. Biden has already announced that he plans to nationalize the COVID-19 vaccine rollout with the goal of vaccinating 100 million people in the first 100 days of his administration.

Another big change from the past four years may come in the form of financial regulation. Biden has tapped Rohit Chopra, the former student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), to be that agency’s executive director.

Chopra, who is a current commissioner at the Federal Trade Commission (FTC), is a close ally of Sen. Elizabeth Warren (D-Mass.), and consumer advocates were quick to applaud the choice.

“Consumers can rest just a little bit easier knowing that the Consumer Financial Protection Bureau will not just be on their side, but aggressively establishing rules to stop ripoffs and enforcing the rules against financial cheats and scamsters,” Public Citizen said in a statement.

Big changes

Democrats have been highly critical of the GOP's management of the CFPB, claiming it has failed to properly protect the financial interests of Americans. Ashley Harrington, senior counsel at the Center for Responsible Lending, foresees big changes at the agency.

“Commissioner Chopra has long fought for financial markets that are fair for consumers, including student loan borrowers,” Harrington said. “We are encouraged that the CFPB will now return to its mission of protecting people’s finances, which has heightened significance in this economic downturn, and which includes a strong fair lending program.

Some of Biden’s other appointments have also signaled a shift in emphasis. During her confirmation hearing this week to become Treasury Secretary, former Federal Reserve Chair Janet Yellen told lawmakers that her emphasis would be on workers. She will replace Treasury Secretary Steve Mnuchin, a former investment banker.