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Warren Is Drafting U.S. Legislation to Reverse ‘Mega Mergers’

  • Bill would restrict large mergers and open reviews of old ones
  • Proposal is likely to face resistance from U.S. lawmakers
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Elizabeth Warren talks about the wealth tax, the trade war with China and her health-care plan.(Source: Bloomberg)

U.S. Senator Elizabeth Warren is drafting a bill that would call on regulators to retroactively review about two decades of “mega mergers” and ban such deals going forward.

Warren’s staff recently circulated a proposal for sweeping anti-monopoly legislation, which would deliver on a presidential campaign promise to check the power of Big Tech and other industries. Although the Trump administration is currently exploring their own antitrust probes, the proposal is likely to face resistance from lawmakers.