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Pandemic Anti-Monopoly Act of 2020

Introduced: May 22, 2020 Introduced by: Ocasio-Cortez, Alexandria Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2020
Referred to the House Committee on the Judiciary.
May 22, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Pandemic Anti-Monopoly Act of 2020

This bill places a moratorium on certain mergers and acquisitions during the COVID-19 (i.e., coronavirus disease 2019) pandemic.

Specifically, the bill prohibits certain transactions such as acquisitions (1) by firms with over $100 million in revenue; (2) by financial institutions or equity funds with over $100 million in capitalization; and (3) involving firms with exclusive patents pertaining to COVID-19 pandemic-related production, manufacturing, distribution, or infrastructure. However, a waiver may be granted if the participating firms demonstrate that the transaction will advance critical national security, economic, or public health interests during the emergency.

Further, the bill establishes a legal presumption against a transaction that may pose a risk to the government's ability to respond to the national emergency declared due to COVID-19.

What's happening now May 22, 2020

Referred to the House Committee on the Judiciary.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2