Stop Wall Street Looting Act
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Sep 2026): 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.
What this bill does
H.R. 10595, the "Stop Wall Street Looting Act," proposes to make certain private funds jointly and severally liable for the debts and liabilities of companies they acquire and control. This means if a company owned by such a fund incurs debts or faces penalties, the private fund and its active interest holders could be held responsible for them. The bill also includes provisions to limit certain types of financial distributions from acquired companies and to prevent the outsourcing of work following plant closures.
The bill specifically targets "controlling private funds" and "holders of active interests" that gain control over "target firms." This could affect investment firms, their investors, and the employees and creditors of the companies they acquire. The legislation aims to protect workers by increasing the priority of their wage and benefit claims in bankruptcy and to address potential systemic risks in the financial sector.
Introduced in the House of Representatives on September 24, 2026, H.R. 10595 has been referred to multiple committees: Ways and Means, Financial Services, the Judiciary, and Education and Workforce. Further action will depend on the decisions of these committees and the Speaker of the House regarding which provisions fall under their respective jurisdictions.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
24 Sep 2026
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.
Common questions
- What does H.R. 10595 do?
- H.R. 10595, the "Stop Wall Street Looting Act," proposes to make certain private funds jointly and severally liable for the debts and liabilities of companies they acquire and control. This means if a company owned by such a fund incurs debts or faces penalties, the private fund and its active interest holders could be held responsible for them. The bill also includes provisions to limit certain types of financial distributions from acquired companies and to prevent the outsourcing of work following plant closures. The bill specifically targets "controlling private funds" and "holders of active interests" that gain control over "target firms." This could affect investment firms, their investors, and the employees and creditors of the companies they acquire. The legislation aims to protect workers by increasing the priority of their wage and benefit claims in bankruptcy and to address potential systemic risks in the financial sector. Introduced in the House of Representatives on September 24, 2026, H.R. 10595 has been referred to multiple committees: Ways and Means, Financial Services, the Judiciary, and Education and Workforce. Further action will depend on the decisions of these committees and the Speaker of the House regarding which provisions fall under their respective jurisdictions.
- Has H.R. 10595 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10595. Check the latest action and official source below.
- Who sponsored H.R. 10595?
- H.R. 10595 was sponsored by Rep. Pocan, Mark [D-WI-2] (D-WI), with 10 cosponsors.
- What's the latest action on H.R. 10595?
- 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. (24 Sep 2026).
Related bills in Finance and Financial Sector
Common Cents Act
Bankruptcy Threshold Adjustment Act
Fossil Free Finance Act of 2026
To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes.
More bills from Rep. Pocan, Mark [D-WI-2]
Recognizing the importance of access to pre-exposure prophylaxis (PrEP) for HIV prevention and supporting the designation of Saturday, October 10, 2026, as "National PrEP Day".
Expressing support for the designation of Undiagnosed Awareness Month.
Expressing the sense of the House of Representatives that the Wasteful and Inappropriate Service Reduction Model undermines beneficiary access to health care and should not be implemented.
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.