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Fitzgerald Introduces Bill Banning Corporate Mergers


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Characters Referenced: Kyle Fitzgerald

From The Office of Kyle Fitzgerald
For Immediate Release 

Washington, DC – Sen. Kyle Fitzgerald (R-WV) spoke to the press after introducing the Corporate Merger Reform Act, which would ban mergers and acquisitions made by large corporations. 

“For many years, large multi-national corporations have gained more and more power while wielding that power at the expense of ordinary people. They have outsourced jobs, they have dodged taxes, and they have interjected themselves into our political affairs even though nobody voted for them. One way these corporations are able to grow their power is through mergers and acquisitions. Large multi-national corporations buy out their smaller competitors to gain an even larger market share – cutting out competition while raising prices and lowering quality for the consumers. This isn’t capitalism – it’s an oligarchy. That is why today I introduced the Corporate Merger Reform Act. This bill is very simple. It bans all mergers and acquisitions by companies with a market capitalization of more than $100 billion. More than 100 years ago, Teddy Roosevelt busted up the monopolies and oligarchs of his time. Today, we face many of the same problems we did back then. It’s time to fight back and save our economy from corporate vultures.”

View full press release

Former President Kyle Fitzgerald

Three-Time Republican Nominee

Nobel Peace Prize Winner

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