{"id":24136,"date":"2020-04-28T16:10:58","date_gmt":"2020-04-28T23:10:58","guid":{"rendered":"https:\/\/lapost.us\/?p=24136"},"modified":"2020-04-28T16:10:58","modified_gmt":"2020-04-28T23:10:58","slug":"warren-ocasio-cortez-propose-big-merger-freeze-during-pandemic","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=24136","title":{"rendered":"Warren, Ocasio-Cortez propose big merger freeze during pandemic"},"content":{"rendered":"<p>Sen.\u00a0<a href=\"http:\/\/click1.email.thehill.com\/rgvwyhjflccpshscpkgllpwwljpbcjcqqvlfhtbwvnktc_xrpdrrhvhtdrssddprdg.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/click1.email.thehill.com\/rgvwyhjflccpshscpkgllpwwljpbcjcqqvlfhtbwvnktc_xrpdrrhvhtdrssddprdg.html&amp;source=gmail&amp;ust=1588201356701000&amp;usg=AFQjCNGkIK4KzwocQ7-g1uVHOhbOiKP6fA\">Elizabeth Warren<\/a>\u00a0(D-Mass.) and Rep.\u00a0<a href=\"http:\/\/click1.email.thehill.com\/smslwzjfpbbtgzgbtcmpptllpjthbjbddkpfzshlkvcsr_xrpdrrhvhtdrssddprdg.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/click1.email.thehill.com\/smslwzjfpbbtgzgbtcmpptllpjthbjbddkpfzshlkvcsr_xrpdrrhvhtdrssddprdg.html&amp;source=gmail&amp;ust=1588201356701000&amp;usg=AFQjCNHeyXXCc-lkXGQg6NB9DnlsObQeag\">Alexandria Ocasio-Cortez<\/a>\u00a0(D-N.Y.) are set to introduce legislation that would put a moratorium on mergers involving large companies during the coronavirus pandemic.<\/p>\n<p>The Pandemic Anti-Monopoly Act would freeze mergers that include companies that have more than $100 million in revenue, are run by hedge funds or private equity firms or that have exclusive patents impacted by the crisis, like key medical equipment.<\/p>\n<p>Additionally, all mergers that must be reported to the Federal Trade Commission (FTC) under current law, which in 2020 is any valued over $94 million, would be frozen as well.<\/p>\n<p>The moratorium would remain in place until the FTC determines small businesses, workers and consumers are no longer under severe financial distress from the pandemic.<\/p>\n<p>The legislation would also direct the FTC to establish legal presumption against mergers that could harm the government&#8217;s response to a national emergency, like the coronavirus.<\/p>\n<p>&#8220;As we fight to save livelihoods and lives during the coronavirus pandemic, giant corporations and private equity vultures are just waiting for a chance to gobble up struggling small businesses and increase their power through predatory mergers,&#8221; Warren said in a statement.<\/p>\n<p>Ocasio-Cortez said the legislation &#8220;is desperately needed.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen.\u00a0Elizabeth Warren\u00a0(D-Mass.) and Rep.\u00a0Alexandria Ocasio-Cortez\u00a0(D-N.Y.) are&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7],"tags":[],"class_list":["post-24136","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24136"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24136\/revisions"}],"predecessor-version":[{"id":24137,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/24136\/revisions\/24137"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}