Alexandria Ocasio-Cortez And Elizabeth Warren Want To Stop Mergers During COVID-19 Pandemic
  • 4 years ago
Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez want to stop mergers of large companies during the coronavirus pandemic. According to Business Insider, they plan to introduce a bill called “Pandemic Anti-Monopoly Act.” The Federal Trade Commission will then determine when “small businesses, workers, and consumers are no longer under severe financial distress.” Large companies are defined as businesses with over $100 million in revenue or market capitalization in the bill. Private equity companies, hedge funds, companies majority-owned by them and businesses with a patent on coronavirus-related products are also included.
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