End the tax subsidy for excessive leverage and close the carried interest loophole to encourage more responsible use of debt by private equity firms.

Elizabeth Warren · Massachusetts · Democratic

policy impact 0.70 specificity 0.84 extraction confidence 92%

Commitment kind: action. Promised action: End the tax subsidy for excessive leverage and close the carried interest loophole.. Promised outcome: Private equity firms have reduced incentives to load companies with excessive debt.. Deadline: unknown; not assumed expired. Reintroduction of the Stop Wall Street Looting Act during Warren's current Senate term.

Occurrences

In order to encourage more responsible use of debt, the bill ends the tax subsidy for excessive leverage and closes the carried interest loophole.

The Stop Wall Street Looting Act would end tax advantages related to excessive debt and carried interest.

Following Historic Progress Reining in Private Equity in Housing, Warren, Lawmakers Announce Reintroduction of Comprehensive Stop Wall Street Looting Act | United States Committee on Banking, Housing, and Urban Affairs
primary · press_release · model gpt-5.5

Evidence

verified · Source version 74254 · locator 8725

the bill ends the tax subsidy for excessive leverage and closes the carried interest loophole.

Fetched verbatim passage. AI summary (separate from source): Within the lookback window, Warren and colleagues announced a renewed Stop Wall Street Looting Act matching the promise language, but this is an introduced legislative effort, not enactment.

unresolved later_term A for effort

Following Historic Progress Reining in Private Equity in Housing, Warren, Lawmakers Announce Reintroduction of Comprehensive Stop Wall Street Looting Act | United States Committee on Banking, Housing, and Urban Affairs
primary · model gpt-5.5 · confidence 93%

unverified · Source version 86781 · locator unknown

Ms. WARREN (for herself, Ms. BALDWIN, Mr. BLUMENTHAL, Mr. MARKEY,

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The Senate draft identifies Warren as the lead sponsor of the 119th Congress Stop Wall Street Looting Act effort.

unresolved later_term A for effort

stop_wall_street_looting_act_bill_text.pdf
secondary · model gpt-5.5 · confidence 89%

verified · Source version 86783 · locator 4127

Introduced in House September 24, 2026.

Fetched verbatim passage. AI summary (separate from source): The House companion was introduced during the lookback window and referred to committees, showing active effort but no enacted law.

unresolved later_term A for effort

H.R. 10595 (IH) - Stop Wall Street Looting Act - BILLS-119hr10595ih | Related Documents | GovInfo
secondary · model gpt-5.5 · confidence 90%

verified · Source version 86785 · locator 1864

Limitation on deduction for business interest of certain businesses owned by private funds.

Fetched verbatim passage. AI summary (separate from source): The introduced bill contains a provision targeting business-interest deductions for private-fund-owned businesses, addressing the excessive-leverage tax-subsidy part of the claim.

unresolved later_term A for effort

H. R. 10595 (Introduced-in-House)
secondary · model gpt-5.5 · confidence 88%

verified · Source version 86787 · locator 1501

read twice and referred to the Committee on Finance

Fetched verbatim passage. AI summary (separate from source): Warren was listed as a cosponsor of a 2026 carried-interest bill, but the official status shows referral rather than enactment.

unresolved later_term A for effort

S. 4330 (IS) - Ending the Carried Interest Loophole Act - BILLS-119s4330is | Content Details | GovInfo
secondary · model gpt-5.5 · confidence 86%

unverified · Source version 86789 · locator unknown

substituting "3 years" for "1 year"

Unverified model/legacy excerpt; not proof. AI summary (separate from source): Current U.S. Code still contains the carried-interest holding-period framework rather than a full closure of the loophole, so the promise remains unresolved.

unresolved unknown

26 USC 1061: Partnership interests held in connection with performance of services
secondary · model gpt-5.5 · confidence 84%

Assessments

Public state: pending As of 2026-10-09 · verified · . Original AI recommendation (not independently established): unresolved. unknown A for effort

The verified commitment describes a bill that would end the excessive-leverage tax subsidy and close the carried-interest loophole, but the verified evidence shows only legislative effort: the House version was introduced on September 24, 2026, the bill text includes a limitation on business-interest deductions, and a carried-interest bill was referred to the Senate Finance Committee. There is no verified evidence that these provisions were enacted or otherwise achieved as of 2026-10-09. Because Warren's commitment context is the reintroduction of this legislation, the effort is attributable to her, but introduction/referral does not fulfill an outcome promise to end or close the tax provisions.

provider codex_cli · model gpt-5.5 · confidence 91%