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The order would require federal law enforcement to review and revise policies on use of force, and it would restrict the flow of surplus military equipment to local police. In addition, the order would encourage limitations on chokeholds and no-knock warrants by attaching strings to federal funding.
The people who described the order spoke on condition of anonymity ahead of any public announcement. Biden is expected to sign the order alongside relatives of Floyd, whose killing by Minneapolis police sparked nationwide protests.
The order reflects a less extensive approach than Biden originally wanted because Congress was unable to agree on legislation that would have increased oversight of law enforcement. It is the result of months of negotiations among White House officials, civil rights groups and police organizations.
The administration began working on executive action after bipartisan talks to pass police reform legislation in Congress stalled last year.
Associated Press writer Chris Megerian contributed to this report.