# 119-hr-10595: Stop Wall Street Looting Act

119-hr-10595, Stop Wall Street Looting Act, is a 119th Congress bill sponsored by Rep. Pocan, Mark [D-WI-2] (D-WI); status introduced; PRIA reads it as touching household money (as of 2026-10-31).

- Canonical: https://policyrisk.com/legislation/119-hr-10595
- As of: 2026-10-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10595
- Congress: 119
- Title: Stop Wall Street Looting Act
- Status: introduced
- Introduced: 2026-09-24
- Sponsor: Rep. Pocan, Mark [D-WI-2] (D-WI)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-31

## Summary

**Limits private equity looting.** This bill would create a multi-title framework to curb private funds' control of companies, boost worker and creditor protections in bankruptcy, and recharacterize investment-manager income for tax purposes. - Workers and employees: Raises wage-priority claims in bankruptcy from $10,000 to $20,000 per claimant and removes timing limits. It bars broad capital distributions and certain plant closings or mass layoffs for four years after a change-in-control. - Investment managers and investors: Reclassifies carried interest and many investment-management returns as ordinary income or self-employment income under new partnership rules and adds a surtax on certain payments to investment firms. - Creditors, public funds, and trustees: Imposes joint and several liability on controlling private funds for portfolio-firm obligations and expands trustee avoidance powers. It forces more disclosure by funds and bars private funds that receive federal or state agency money from making acquisitions or distributions for two years.

## Cosponsors (9)

- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2026-09-24T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2026-09-24T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2026-09-24T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-09-24T00:00:00.000Z
- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2026-09-24T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2026-09-24T00:00:00.000Z
- Rep. Ramirez, Delia C. [D-IL-3] (D-IL), 2026-09-24T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-09-24T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2026-10-29T00:00:00.000Z

## Provisions PRIA read

- New protections for striking workers: benefit, medium. If enacted, the bill would strengthen protections for workers who strike. It would make it an unfair labor practice to permanently replace or threaten to replace strikers, bar discrimination against workers who supported strikes, and require employers to maintain current wages, hours, and terms whi…
- Stronger worker and creditor protections: benefit, medium. If enacted, the bill would expand protections for workers and creditors after buyouts and bankruptcies. It would hold controlling private funds jointly and severally liable for many target-firm debts and bar large capital distributions for four years after takeovers, with a 10% cap tied to recent o…
- Higher taxes on investment managers: cost, high. If enacted, the bill would add big new tax rules for investment managers and firms. It would create a surtax on defined investment payments (the surtax equals 100% minus your highest tax rate) for payments after enactment. It would reclassify many manager partnership gains (carried interest and sim…
- Tighter business interest and REIT rules: cost, high. If enacted, the bill would limit interest deductions for businesses controlled by certain owners. If a controlled taxpayer's year-end debt-to-equity ratio is over 1, a stricter interest-deduction cap would apply and certain real-estate elections would be revoked for that year. The bill would also r…
- CDO managers must retain credit risk: mixed, medium. If enacted, the bill would expand securitizer risk-retention rules to include managers of collateralized debt obligations (CDOs). When a securitizer must retain credit risk for an asset it does not hold, the securitizer would have to keep that risk itself or through a wholly owned affiliate. The ch…
- New disclosure and fiduciary rules for funds: mixed, medium. If enacted, the bill would force controlling private funds to file detailed annual GAAP reports to the SEC within one year and require advisers to report all fund investments and loans quarterly on Form PF within 180 days. Private funds that receive federal or state funds would have to publicly dis…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025

## Sources
- [119-hr-10595 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10595)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025](https://policyrisk.com/legislation/119-hr-2045)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10595 (as of 2026-10-31).