Cicilline Wants COVID-19 Deal Moratorium
Congress should include a moratorium on takeovers in the upcoming COVID-19 stimulus package, said House Antitrust Subcommittee Chairman David Cicilline, D-R.I. He and “several colleagues” are pushing for a moratorium on “all transactions that do not involve firms that are…
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truly failing or in bankruptcy,” he said in prepared remarks for Thursday's Open Markets Institute event. This is “outdated antitrust agenda,” NetChoice President Steve DelBianco said in a statement: The proposal “would leave small businesses with no choice but to let go their employees and declare bankruptcy.”