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Pandemic Anti-Monopoly Act

Introduced: June 18, 2020 Introduced by: Warren, Elizabeth Democratic · Massachusetts 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
Jun 18, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Jun 18, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

Pandemic Anti-Monopoly Act

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 June 18, 2020

Read twice and referred to the Committee on Commerce, Science, and Transportation.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1