Original sentence: The law does not specify whether or not the transfer of ownership would simply apply to mergers and restructurings in the future, or if it applies to all current companies.This is not a new idea because there have been proposals for similar transfer actions, but have all come up fruitless
Edited sentence: The law is vague in many aspects in that it does not specify whether or not the transfer of ownership would simply apply to mergers and restructurings in the future, or if it applies to all current companies.This is not a revolutionary idea because there have been proposals for similar transfer actions, but have all come up fruitless