U.S. Congress legislation · 119th Congress
SB5512: Stop Wall Street Looting Act
Status: In committee, 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.
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
- Warren, Elizabeth (D) · primary sponsor
- Baldwin, Tammy (D)
- Blumenthal, Richard (D)
- Markey, Edward (D)
- Merkley, Jeff (D, SD-OR)
- Bernard Sanders (I, SD-VT)
- Smith, Tina (D)
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Finance and Financial Sector
Common questions
- What is SB5512?
- SB5512 is a bill in Congress (119th Congress): Stop Wall Street Looting Act.
- What does SB5512 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 SB5512?
- In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 24, 2026).
- Who sponsored SB5512?
- Warren, Elizabeth (D), with 6 co-sponsors.
- Where is the official record for SB5512?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5512
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.