Hello and welcome to the compliance is a journey episode of Slate Money, your guide to the business and finance news of the week. I'm Felix

Salmon of Axios. I'm here with Stacey Marie Ishmael. Hello. I'm here with Emily Peck of

Fundrise. Hello. Hello. Emily, what are we going to talk about this week? Are we going to

talk about compliance? Yes. And it is a journey, Felix. That is the

conclusion we have come to. And this will work on many levels as listeners will come to understand

when they listen to our episode. We are talking about the big new executive order that was signed

by President Biden this week, about cracking down on big business and monopolies and trying to give consumers more

power. We are talking about the finance sector and regulatory arbitrage and fintech and

crypto. We are talking about China and its approach to regulation and whether that's just

mind-blowing or interesting or dangerous.

We also have a Slate Plus segment on the four-day work week in which I talk about how little I

work this week. I hope my bosses aren't listening. They're not going to spring for a Slate Plus

membership, right? But you guys did. It's only a buck. Introductory offer, one dollar, sign up,

find out how little Felix Salmon work this week. I blame them. And if he has a job next week.

And yeah, and next week, you never know. I might just be Felix Salmon, rather than Felix Salmon

Avakseus. We all see. It's all coming up anyway on Slate Money. So the big news of this week was a massive executive order coming out of the White House, which, Stacey, you said the word that immediately sprang to mine was...

Omnibus. Which is not the Clapham Omnibus, where the man sits atop and we're meant to explain the news to him. This is an American omnibus, which is not the Clapham omnibus where the man sits atop and we're meant to explain

the news to him. This is an American omnibus, which is just a bus that is so enormous, includes

everything from hearing aids to railroads, to hospitals, to bank accounts accounts to everything.

So, Emily, as the best explainer here, can you just give us the TLDR?

Like, what is going on here?

What is this executive order trying to achieve?

...