H.R. 9985, known as the "Stop Wall Street Looting Act," aims to hold private investment funds accountable by imposing joint and several liability on these funds for the debts and liabilities of companies they control. The bill includes provisions to prevent private funds from financially...
Simple Explanation
In a story where strange rules are written for how people who put money into businesses must be more honest and careful, this rule tries to stop money from being used in tricky ways that can hurt companies and workers. It says that the people controlling the money have to share the blame if something goes wrong, and also need to tell everyone exactly what they are doing with their money to make sure it’s fair.