U.S. Senator Elizabeth Warren & Rep. Alexandria Ocasio-Cortez have a new plan to stop Big Businesses and vulture capitalists from profiting off of this crisis at the public’s expense.
Their plan protects consumers by pausing mergers involving:
• corporations with more than $100 million in valuation or revenue;
• private equity or hedge funds;
• businesses making patented products critical to fighting the pandemic; and
• transactions typically subject to government review.
If large companies use this crisis to buy out their competitors at bargain prices, the public will be the ones who pay.
We’re calling on Congress to include Senator Elizabeth Warren & Rep. Alexandria Ocasio Cortez’s plan to stop predatory mergers in the next COVID-19 response bill.
Struggling businesses, consumers, and workers all deserve protection from those that would use this crisis to eliminate their competition or gain a monopoly on products critical to our nation’s response.