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.

This bill appears to deal with making certain private investment funds legally responsible for the debts and obligations of companies they buy and control. If a company they acquire owes money or faces legal claims, the private fund that owns it could be held equally on the hook for those liabilities. No official summary is available for this bill.

Your Vote