Rep Mondaire Jones (D-NY)
Members of Congress Introduce Bicameral Legislation to Ban Anticompetitive Mergers, Restore Competition, and Bring Down Prices for Consumers
Sen Elizabeth Warren (D-MA) and Rep Mondaire Jones (D-NY) introduced bicameral legislation to help stomp out rampant industry consolidation that allows companies to raise consumer prices and mistreat workers. The Prohibiting Anticompetitive Mergers Act would ban the biggest, most anticompetitive mergers and give the Department of Justice (DOJ) and Federal Trade Commission (FTC) the teeth to reject deals in the first instance without court orders and to break up harmful mergers. The bill would: