S. 5512 · Where this bill is now
In committee
Introduced in the Senate, Sep 24, 2026
119th Congress
2nd SessionS. 5512
2nd SessionS. 5512
A BILL
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.
In the SenateNo vote yet
Sponsor: Sen. Elizabeth Warren (D-MA) · Introduced Sep 24, 2026 · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 24, 2026: “Read twice and referred to the Committee on Finance.”
Sections
Sections · 3
Title I — Corporate responsibility · 2
Title II — Anti-looting · 9
- Sec. 201Limitations on post-acquisition dividends, distributions, redemptions, buybacks, and outsourcingNo change
- Sec. 202Prevention of fraudulent transfersNo change
- Sec. 203Surtax on certain amounts received by investment firms from controlled target firmsNo change
- Sec. 204Limitation on deduction for business interest of certain businesses owned by private fundsNo change
- Sec. 205Guardrails around accessing public fundsNo change
- Sec. 206Prohibiting payments from Federal health care programs to entities that sell assets to or use assets as collateral for a loan with a real estate investment trustNo change
- Sec. 207Repeal of special rule for taxable REIT subsidiaries with interests in certain health care propertyNo change
- Sec. 208Elimination of qualified REIT dividends from qualified business incomeNo change
- Sec. 209Protections for striking workersNo change
Title III — Protecting workers when companies go bankrupt · 11
- Sec. 301Increased priority for wagesNo change
- Sec. 302Priority for severance pay and contributions to employee welfare benefit plansNo change
- Sec. 303Priority for violations of Federal and State lawsNo change
- Sec. 304Limitation on executive compensation enhancementsNo change
- Sec. 305Prohibition against special compensation paymentsNo change
- Sec. 306Executive compensation upon exit from bankruptcyNo change
- Sec. 307Collateral surcharge for employee obligationsNo change
- Sec. 308Voidability of preferential compensation transfersNo change
- Sec. 309Protection for employees in a sale of assetsNo change
- Sec. 310Protection of gift card purchasersNo change
- Sec. 311Commercial real estateNo change