# 117-hr-5648: Stop Wall Street Looting Act

117-hr-5648, Stop Wall Street Looting Act, is a 117th Congress bill sponsored by Rep. Pocan, Mark [D-WI-2] (D-WI); status Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-5648
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-5648
- Congress: 117
- Title: Stop Wall Street Looting Act
- Status: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
- Introduced: 2021-10-20
- Sponsor: Rep. Pocan, Mark [D-WI-2] (D-WI)
- Cosponsors: 16
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Stop Wall Street Looting Act This bill generally revises provisions related to the regulation of private equity funds. Among other things, the bill increases financial and legal liability for these funds in the event of certain violations of law, gives employee compensation higher priority in bankruptcies, and generally prohibits the payment of dividends for two years from an acquired asset firm to a private equity fund. The bill modifies the tax treatment of carried interest—compensation that is typically received by a partner of a private equity fund and is based on a share of the fund's profits. (Under current law, carried interest is taxed as investment income rather than at ordinary income tax rates.) Among other things, the bill treats as ordinary income the net capital gain with respect to a private equity fund.

## Cosponsors (16)

- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2021-10-20T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2021-10-20T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2021-10-20T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2021-10-21T00:00:00.000Z
- Rep. Jones, Mondaire [D-NY-17] (D-NY), 2021-10-21T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2021-10-27T00:00:00.000Z
- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2021-10-28T00:00:00.000Z
- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2021-10-28T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2021-11-01T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2021-11-02T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2021-11-30T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2021-12-07T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2021-12-13T00:00:00.000Z
- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2022-01-11T00:00:00.000Z
- Rep. Larsen, Rick [D-WA-2] (D-WA), 2022-06-16T00:00:00.000Z
- Rep. Levin, Andy [D-MI-9] (D-MI), 2022-07-26T00:00:00.000Z

## Related bills

- 117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act
- 117-hr-7910: Protecting Our Kids Act
- 117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act
- 117-hr-6005: Access to Birth Control Act
- 117-hr-5723: Social Security 2100: A Sacred Trust
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…

## Sources
- [117-hr-5648 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/5648)

## Related
- [117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act](https://policyrisk.com/legislation/117-hr-8297)
- [117-hr-7910: Protecting Our Kids Act](https://policyrisk.com/legislation/117-hr-7910)
- [117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-6015)
- [117-hr-6005: Access to Birth Control Act](https://policyrisk.com/legislation/117-hr-6005)
- [117-hr-5723: Social Security 2100: A Sacred Trust](https://policyrisk.com/legislation/117-hr-5723)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-5648 (as of 2025-11-18).