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.

This bill appears to deal with making certain private investment funds legally responsible for the debts and obligations of companies that those funds buy and control. If a company owned by such a fund owes money or faces legal claims, the fund itself could also be held fully responsible for those same debts. No official summary is available for this bill.

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