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Top Dem Calls For Moratorium On Mergers Amid Pandemic

However, the president of online business trade group NetChoice, whose stated goal is to protect internet businesses from overregulation, railed on the bill as simply a way for Cicilline to accomplish “his outdated antitrust agenda” rather than “protecting American jobs.”

NetChoice President Steve DelBianco argued in a statement that, “mergers and acquisitions are necessary tools to save jobs, businesses, and investments in innovation” during a crisis.

“If enacted, Chairman Cicilline’s proposal would leave small businesses with no choice but to fire their employees and declare bankruptcy,” DelBianco said.