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 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 This is “outdated antitrust agenda,” NetChoice President Steve DelBianco said in a statement: The proposal “would leave small businesses with no choice but to let go their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.”