Included in the act is a provision to roll back a state and local tax deduction cap, giving a tax break to mostly wealthy individuals. The bill also would clear the way for trade associations that lobby the federal government on behalf of multiple corporations to get access to small business loans even if their member companies are already eligible for bailout money. And it would enable debt collectors that provide some relief to borrowers to get access to emergency Federal Reserve loans.

The bill also didn’t include a moratorium on corporate mergers during the pandemic, which antitrust experts predict is likely to let giant corporations and private equity funds further consolidate corporate power as the economic slowdown puts strain on smaller companies. The absence of anti-merger language was enough to convince the anti-monopoly group, the American Economic Liberties Project, to call for members of Congress to vote it down

“There is nothing standing in the way of an increasingly radical concentration of corporate power over our economy and our democracy,” said Sarah Miller, the American Economic Liberties Project’s executive director…