Alexandria Ocasio-Cortez And Elizabeth Warren Want To Stop Mergers During COVID-19 Pandemic

Video Credit: Wochit
Published on April 28, 2020 - Duration: 00:32s

Alexandria Ocasio-Cortez And Elizabeth Warren Want To Stop Mergers During COVID-19 Pandemic

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 โ€œPandemic Anti-Monopoly Act.โ€ The Federal Trade Commission will then determine when โ€œsmall businesses, workers, and consumers are no longer under severe financial distress.โ€ 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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