Bill Sponsor
Senate Bill 4013
116th Congress(2019-2020)
Pandemic Anti-Monopoly Act
Introduced
Introduced
Introduced in Senate on Jun 18, 2020
Overview
Text
Introduced
Jun 18, 2020
Latest Action
Jun 18, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4013
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Massachusetts
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
Actions (2)
06/18/2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
06/18/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:46:12 PM