HR 6989
Pandemic Anti-Monopoly Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Pandemic Anti-Monopoly Act of 2020 temporarily prohibits certain mergers and acquisitions during the COVID-19 pandemic to prevent companies from exploiting the crisis for competitive advantage. Specifically, it restricts acquisitions by large firms, financial institutions, and those with exclusive patents related to COVID-19 products. The Federal Trade Commission can grant waivers if a transaction is deemed to benefit national security, the economy, or public health, and a legal presumption exists against transactions that could hinder the government’s response to the pandemic. The moratorium will end when the FTC unanimously determines it is no longer necessary, considering economic recovery and small business impacts.
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Primary sponsor
Cosponsors
Jesus G. "Chuy" Garcia
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