US HB6989 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on May 22 2020 - 25% progression
Action: 2020-05-22 - Referred to the House Committee on the Judiciary.
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Pandemic Anti-Monopoly Act of 2020

Sponsors


History

DateChamberAction
2020-05-22HouseReferred to the House Committee on the Judiciary.
2020-05-22HouseIntroduced in House

Same As/Similar To

SB4013 (Related) 2020-06-18 - Read twice and referred to the Committee on Commerce, Science, and Transportation.

Subjects


US Congress State Sources


Bill Comments

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