(NewsReady.com) – There are many moving parts to consider when discussing COVID-19 and its impact on the US economy. Small businesses are facing tough decisions with all of the market instability and shutdowns. Do they stay open at a reduced capacity, close down temporarily or for good, or look for investors to bail them out?
Rep. David Cicilline (D-RI) wants to avoid big companies buying out the little ones.
We should not let massive corporations take advantage of this crisis.
— David Cicilline (@davidcicilline) April 23, 2020
As chairman of the House Antitrust Committee, Cicilline is proposing to ban deals not directly related to companies on the verge of failure during the pandemic. He wants to put a temporary hold on company mergers unless a company is already bankrupt or about to fail. He’s pushing that agenda as Congress talks about the next coronavirus stimulus package.
~Daily News for Busy People!
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