Elizabeth Warren Wants to Make Private Equity Pay for the Debt of Failed Companies

Holding private equity liable for the debts of their portfolio companies would be a striking departure from how the sector currently operates.

BY MELISSA ANGELL, SENIOR STAFF WRITER @MELISSKAWRITES

Elizabeth Warren. Photo: Getty Images

Senator Elizabeth Warren and other Democratic lawmakers want to put private equity on the hook for the debt of the companies they oversee after reintroducing a bill that would also aim to close the carried interest loophole.

The Stop Wall Street Looting Act would hold private equity liable for the debts of their portfolio companies........

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