End private equity firms' immunity from legal liability when their portfolio companies break the law, including the WARN Act.

Elizabeth Warren · Massachusetts · Democratic

policy impact 0.78 specificity 0.88 extraction confidence 94%

Commitment kind: action. Promised action: End immunity of private equity firms from liability for portfolio company lawbreaking, including WARN Act violations.. Promised outcome: Private equity firms can be held legally liable when portfolio companies break the law.. Deadline: unknown; not assumed expired. Reintroduction of the Stop Wall Street Looting Act during Warren's current Senate term.

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Ending the immunity of private equity firms from legal liability when their portfolio companies break the law, including the WARN Act.

The bill would expose private equity firms to legal liability for portfolio companies' legal violations.

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
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