H.R.5648: Stop Wall Street Looting Act

About This Bill

  • Introduced Oct. 20, 2021
  • Latest Major Action Nov. 1, 2022

Bill Sponsor

Bill Version

Bill Summary

Stop Wall Street Looting Act This bill generally revises provisions related to the regulation of private equity funds. Among other things, the bill increases financial and legal liability for these funds in the event of certain violations of law, gives employee compensation higher priority in bankruptcies, and generally prohibits the payment of dividends for two years from an acquired asset firm to a private equity fund. The bill...

(Source: Library of Congress)

Bill Actions

Date Description
Nov. 1, 2022
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Nov. 1, 2022
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Oct. 20, 2021
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct. 20, 2021

Introduced in the House by Mark Pocan (D-Wis.)

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