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Pandemic Anti-Monopoly Act

USA116th CongressS-4013| Senate 
| Updated: 6/18/2020
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Bernard Sanders (Independent)

Commerce, Science, and Transportation Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Pandemic Anti-Monopoly Act 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

Latest Companion Bill Action

HR 116-6989
Introduced in House
Jun 18, 2020
Introduced in Senate
Jun 18, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6989
    Introduced in House


  • June 18, 2020
    Introduced in Senate


  • June 18, 2020
    Read twice and referred to the Committee on Commerce, Science, and Transportation.

Commerce

Related Bills

  • HR 116-6989: Pandemic Anti-Monopoly Act of 2020
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

USA116th CongressS-4013| Senate 
| Updated: 6/18/2020
Pandemic Anti-Monopoly Act 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

Latest Companion Bill Action

HR 116-6989
Introduced in House
Jun 18, 2020
Introduced in Senate
Jun 18, 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6989
    Introduced in House


  • June 18, 2020
    Introduced in Senate


  • June 18, 2020
    Read twice and referred to the Committee on Commerce, Science, and Transportation.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Bernard Sanders (Independent)

Commerce, Science, and Transportation Committee

Commerce

Related Bills

  • HR 116-6989: Pandemic Anti-Monopoly Act of 2020
  • 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