For Immediate Release: April 28, 2020

Press Contact: Robyn Shapiro, rshapiro@economicliberties.us

Congress Must Pass Warren & AOC Merger Moratorium

Washington, D.C. – With dominant corporations and predatory financiers empowered by the CARES Act, the American Economic Liberties Project today released the following statement encouraging Congress to pass the merger moratorium announced by Senator Warren (D-MA) and Representative Ocasio-Cortez (NY-14):

“The CARES Act bailouts supercharged big corporations’ and Wall Street’s ability to prey on and abuse small businesses and the communities they support,” said Economic Liberties Executive Director Sarah Miller. “Passing this merger moratorium is the least Congress can do. We must ensure this national crisis does not become a monopoly free-for-all and prevent big corporations from further consolidating their economic and political power.”

Read the New York Times profile on Sarah Miller and Economic Liberties here.   

Learn more about Economic Liberties here.  

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Economic Liberties works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. AELP believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.