TELL CONGRESS: Private equity firms have gone too far. Their exploitative practices are devastating to workers, consumers, and our communities. Congress must rein in this out-of-control industry. Sign the petition: Stand up to private equity, pass the Stop Wall Street Looting Act!

Hi,

Private equity firms are gutting our economy. They burden businesses with devastating debt, strip away vital assets, and walk off with massive profits. Workers, consumers, and communities pay the price.

That’s why Senator Elizabeth Warren has introduced a comprehensive bill to rein in private equity’s abuses, the Stop Wall Street Looting Act. This landmark bill would hold private equity firms accountable for their actions, protect employee wages and pensions during bankruptcies, end harmful financial practices, and enhance transparency.1

Wall Street is mobilizing to oppose this bill, and we need a powerful grassroots movement to push Congress to take action.

Sign the petition: It’s time to stand up to private equity! Pass the Stop Wall Street Looting Act.

The toll of private equity's exploitative practices is staggering: thriving companies forced into bankruptcy, hundreds of thousands of jobs vanishing, and essential community services like hospitals and nursing homes being dismantled. All the while, a handful of Wall Street executives pocket enormous profits.

The Stop Wall Street Looting Act would hold private equity firms accountable by capping excessive dividends and closing tax loopholes, while also bolstering labor laws to protect workers' rights. Additionally, it strengthens oversight and transparency within the private equity industry, which has long operated in the shadows.

This is a vital opportunity to rein in Wall Street's abusive tactics and build an economy that serves everyone.

Sign the petition: Tell Congress to stop Wall Street’s looting of the American economy!

Thanks for taking action,

Joey and the team at Demand Progress

Sources:

  1. Senator Elizabeth Warren, “Warren, Lawmakers Renew Legislative Push to Stop Private Equity Looting” October 10, 2024.

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