3.0.0 6989 2023-01-11T13:42:50Z 2023-01-11T13:42:50Z House HR 2020-05-22 116 [Congressional Record Volume 166, Number 97 (Friday, May 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. OCASIO-CORTEZ:H.R. 6989.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2278]]]> hsju00 Judiciary Committee House Standing Referred to 2020-05-22T15:03:00Z Pandemic Anti-Monopoly Act 116 4013 S 2020-06-18 Read twice and referred to the Committee on Commerce, Science, and Transportation. Related bill CRS 2020-05-22 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2020-05-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-22 Introduced in House IntroReferral 1000 9 Library of Congress O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 N G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2020-05-22 True O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2020-05-22 True Commerce Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Cardiovascular and respiratory health Civil actions and liability Competition and antitrust Corporate finance and management Drug safety, medical device, and laboratory regulation Emergency medical services and trauma care Federal Trade Commission (FTC) Financial services and investments Health technology, devices, supplies Infectious and parasitic diseases Intellectual property Manufacturing Product development and innovation Public contracts and procurement Research and development Strategic materials and reserves Commerce 00 2020-05-22 Introduced in House 2020-08-04T14:07:14Z 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.

]]> Pandemic Anti-Monopoly Act of 2020 Display Title Pandemic Anti-Monopoly Act of 2020 Official Title as Introduced To prohibit certain transactions during the coronavirus disease 2019 (COVID-19) pandemic. Introduced in House IH Short Title(s) as Introduced Pandemic Anti-Monopoly Act of 2020 Introduced in House IH Introduced in House 2020-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6989ih/xml/BILLS-116hr6989ih.xml 2020-05-22 Referred to the House Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.