According to a press release, yesterday U.S. Senators Cory Booker (D-NJ), Jon Tester (D-MT), Jeff Merkley (D-OR), and Elizabeth Warren (D-MA) introduced the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022. The legislation was introduced in the House of Representatives by Representative Mark Pocan (D-WI-02). The release states that this legislation would place an immediate and indefinite moratorium on acquisitions and mergers in the food and agriculture sector. The release states the bill would also establish a commission that would study and publish recommended improvements to merger enforcement and antitrust oversight in the farm and food sectors. The moratorium would be lifted once Congress acts on the recommendations from the commission by passing comprehensive legislation to address the problem of growing market concentration in the agriculture sector. See the full text of the legislation in the attachment below:
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