Democratic lawmakers introduced legislation Wednesday that would make mergers worth more than $5 billion illegal.
The Prohibiting Anticompetitive Mergers Act, from Sen.
The bill would “stomp out rampant industry consolidation that allows companies to raise consumer prices and mistreat workers,” according to a press release from the sponsors. They pointed to recent mergers like
The bill joins other Democratic efforts ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
