3.0.0 4013 2023-01-11T13:46:12Z 2023-01-11T13:46:12Z Senate S 2020-06-18 116 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2020-06-18T19:39:45Z Pandemic Anti-Monopoly Act of 2020 116 6989 HR 2020-05-22 Referred to the House Committee on the Judiciary. Related bill CRS 2020-06-18 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2020-06-18 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2020-06-18 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 2020-06-18 Introduced in Senate 2020-07-22T14:07:53Z 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.

]]> Pandemic Anti-Monopoly Act Display Title Pandemic Anti-Monopoly Act Short Title(s) as Introduced Pandemic Anti-Monopoly Act Introduced in Senate IS Official Title as Introduced A bill to prohibit certain transactions during the coronavirus disease 2019 (COVID-19) pandemic. Introduced in Senate IS Introduced in Senate 2020-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4013is/xml/BILLS-116s4013is.xml 2020-06-18 Read twice and referred to the Committee on Commerce, Science, and Transportation. 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.