U.S. Congress legislation · 119th Congress
HB10595: Stop Wall Street Looting Act
Status: In committee, September 24, 2026
To subject certain private funds to joint and several liability with respect to the liabilities of firms acquired and controlled by those funds, and for other purposes.
What the bill says
To subject certain private funds to joint and several liability with respect to the liabilities of firms acquired and controlled by those funds, and for other purposes.
From the introduced text, September 24, 2026:
A BILL To subject certain private funds to joint and several liability with respect to the liabilities of firms acquired and controlled by those funds, and for other purposes. SECTION 1. Short title; table of contents (a) Short title This Act may be cited as the Stop Wall Street Looting Act . (b) Table of contents The table of contents for this Act is as table of contents. Sec. 2. Findings. Sec. 3. Definitions. TITLE I--Corporate responsibility Sec. 101. Joint and several liability for controlling private funds and holders of active interests in controlling private funds. Sec. 102. Indemnification void as against public policy. TITLE II--Anti-looting Sec. 201. Limitations on post-acquisition dividends, distributions, redemptions, buybacks, and outsourcing. Sec. 202. Prevention of fraudulent transfers. Sec. 203. Surtax on certain amounts received by investment firms from controlled target firms. Sec. 204. Limitation on deduction for business interest of certain businesses owned by private funds. Sec. 205. Guardrails around accessing public funds. Sec. 206. Prohibiting payments from Federal health care programs to entities that sell assets to or use assets as collateral for a loan with a real estate investment trust. Sec. 207. Repeal of special rule for taxable REIT subsidiaries with interests in certain health care property. Sec. 208. Elimination of qualified REIT dividends from qualified business income. Sec. 209. Protections for …
Sponsors
- Mark Pocan (D, HD-002) · primary sponsor
- Pramila Jayapal (D, HD-007)
- Greg Landsman (D, HD-001)
- Jesus Garcia (D, HD-IL-4)
- Norton, Eleanor (D, HD-000)
- Alexandria Ocasio-Cortez (D, HD-014)
- Ilhan Omar (D, HD-005)
- Delia Ramirez (D, HD-003)
- Rashida Tlaib (D, HD-MI-12)
- Janice Schakowsky (D, HD-009)
Latest actions
- : Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, and Education and Workforce, 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.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB10595?
- HB10595 is a bill in Congress (119th Congress): Stop Wall Street Looting Act.
- What does HB10595 do?
- In its own words: To subject certain private funds to joint and several liability with respect to the liabilities of firms acquired and controlled by those funds, and for other purposes.
- What is the status of HB10595?
- In committee as of September 24, 2026. Latest action: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, and Education and Workforce, 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. (September 24, 2026).
- Who sponsored HB10595?
- Mark Pocan (D, HD-002), with 9 co-sponsors.
- Where is the official record for HB10595?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10595
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.