CLEAN Mergers Act
Sen. Booker Introduces CLEAN Mergers Act to Unwind $10 Billion Corporate Deals
The CLEAN Mergers Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on the Judiciary for review. The bill is actively moving forward as it waits for the committee to discuss its next steps.
Legislative Progress
This bill is led by one party and targets a specific four-year period, making it a highly partisan effort that is unlikely to get the support needed to pass.
Key Points
Impact Analysis
Personal Impact
Large mergers often result in layoffs and workforce consolidation. The bill requires companies seeking to avoid divestiture to prove the deal was not followed by significant reductions in employment. By creating accountability for job losses tied to mega-mergers, the bill could help protect workers, including union members, from post-merger downsizing.
“The threshold transaction was not followed by any significant reduction in employment inconsistent with representations made or omitted during agency review of the transaction.”
Milestones
Read twice and referred to the Committee on the Judiciary.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
4 articlesBooker, Warren Introduce Bill to Unwind ‘Corrupt’ Trump-Era Mergers
Senator Cory Booker and Elizabeth Warren introduced the CLEAN Mergers Act, targeting $10 billion-plus deals approved during the Trump administration. The bill requires companies to prove their mergers didn't harm competition or face mandatory breakups within 180 days.
New Antitrust Bill Targets Large Corporate Mergers for Review
The CLEAN Mergers Act would empower federal agencies to reexamine mergers worth over $10 billion for signs of political interference. The legislation follows a WSJ report documenting retaliation against antitrust officials who resisted pressure to approve certain deals.
Democrats Seek to Scramble 'Inedible Omelets' of Trump-Era Megamergers
A new legislative push led by Senator Cory Booker aims to unwind massive corporate combinations like HPE-Juniper and T-Mobile-UScellular. The CLEAN Mergers Act shifts the burden of proof to corporations to show their deals did not raise prices or cut jobs.
Source Information
Document Type
Congressional Bill
Official Title
CLEAN Mergers Act
Data Sources
Sponsor
Cosponsors
(4)Analysis generated by AI. Always verify with official sources.