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Pandemic Anti-Monopoly Act of 2020

USA116th CongressHR-6989| House 
| Updated: 5/22/2020
Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez

Democratic Representative

New York

Cosponsors (2)
Ilhan Omar (Democratic)Jesús G. "Chuy" García (Democratic)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on the Judiciary.
Jun 18, 2020

Latest Companion Bill Action

S 116-4013
Introduced in Senate
  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on the Judiciary.


  • June 18, 2020

    Latest Companion Bill Action

    S 116-4013
    Introduced in Senate

Commerce

Related Bills

  • S 116-4013: Pandemic Anti-Monopoly Act
Administrative law and regulatory proceduresAdministrative remediesBanking and financial institutions regulationCardiovascular and respiratory healthCivil actions and liabilityCompetition and antitrustCorporate finance and managementDrug safety, medical device, and laboratory regulationEmergency medical services and trauma careFederal Trade Commission (FTC)Financial services and investmentsHealth technology, devices, suppliesInfectious and parasitic diseasesIntellectual propertyManufacturingProduct development and innovationPublic contracts and procurementResearch and developmentStrategic materials and reserves

Pandemic Anti-Monopoly Act of 2020

USA116th CongressHR-6989| House 
| Updated: 5/22/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on the Judiciary.
Jun 18, 2020

Latest Companion Bill Action

S 116-4013
Introduced in Senate
  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on the Judiciary.


  • June 18, 2020

    Latest Companion Bill Action

    S 116-4013
    Introduced in Senate
Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez

Democratic Representative

New York

Cosponsors (2)
Ilhan Omar (Democratic)Jesús G. "Chuy" García (Democratic)

Judiciary Committee

Commerce

Related Bills

  • S 116-4013: Pandemic Anti-Monopoly Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAdministrative remediesBanking and financial institutions regulationCardiovascular and respiratory healthCivil actions and liabilityCompetition and antitrustCorporate finance and managementDrug safety, medical device, and laboratory regulationEmergency medical services and trauma careFederal Trade Commission (FTC)Financial services and investmentsHealth technology, devices, suppliesInfectious and parasitic diseasesIntellectual propertyManufacturingProduct development and innovationPublic contracts and procurementResearch and developmentStrategic materials and reserves