Senate bill targets $10B mergers made under Trump

What does this do?

This bill would require companies that merged or were acquired for $10 billion or more between January 20, 2025, and January 19, 2029, to split back into separate businesses unless they can prove in court the deal did not reduce competition. Federal agencies and state attorneys general could also review smaller mergers from that period and order them reversed if the approval process was improperly influenced, such as through political pressure, conflicts of interest, foreign interference, or false information given to regulators. The bill also extends the time allowed to file antitrust lawsuits from four years to ten years.

Who does it affect?

Large corporations that completed mergers or acquisitions during that four-year window would be directly affected. Federal antitrust agencies, state attorneys general, courts, and in some cases court-appointed trustees would be involved in reviewing and enforcing the rules.

Why does it matter?

Companies that do not complete a required separation on time could face fines and penalties. If no one at a company complies with a court order, a court-appointed trustee could be given control to sell off the company's assets.

What does it cost, and who pays?

• Daily fines for missed deadlines
• Deal value-based penalties
• Fines on execs & board members

Where does it stand?