Private equity funds must pay for worker and company debts.
H.R. 10595 — Stop Wall Street Looting Act · Filed by Mark Pocan (D-WI) · 8 cosponsors · Introduced Sep 24, 2026 · Referred to committee
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What it does
This bill makes private equity funds legally responsible for company debts. It stops these funds from taking big payments out for four years. It adds a tax on money the funds take out. It makes it harder to use borrowed money to buy companies.
Who it affects
Workers who lose pay or benefits when private equity funds buy their companies. Creditors owed money by those companies. Private equity funds and their investors.
One thing to notice
The bill makes private equity funds pay for worker wages and benefits. Workers often lost money when funds took profits and left debt behind.
From the analysis of the bill text, linked under Primary records below.
Where it stands
8 cosponsors: 8 Democrats.
- Sep 24, 2026 — Introduced · Congress.gov: “Introduced in House”
- Sep 24, 2026 — Referred to House Committee on Education and Workforce and House Committee on the Judiciary · Congress.gov: “Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- private equity funds — Companies that buy other companies, often using borrowed money, then sell them.
- borrowed money — Money a company takes as a loan that it must pay back.
- creditors — People or companies that are owed money.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (50,094 characters) on Oct 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
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