Big Law
A New Bill Hopes to Ban Mergers Worth More Than $5 Billion
Sen. Elizabeth Warren (D-Mass.) and Rep. Mondaire Jones (D-N.Y.) are the lead sponsors of a bill proposed on Wednesday that would prohibit mergers worth more than $5 billion.
The legislation would also ban mergers for deals resulting in market shares over 33 percent for sellers or 25 percent for employers.
In a press release on the legislation from Warren, she called out examples of mergers that she says “crush consumers, workers, and small business,” including Sprint-T-Mobile, Bayer-Monsanto, Facebook-Instagram, and American-US Airways.
