S. 5512
Stop Wall Street Looting Act
Sponsor: Elizabeth Warren
Official summary
No official summary yet.
Text of the bill
I Corporate responsibility
II Anti-looting
III Protecting workers when companies go bankrupt
IV Closing tax loopholes
V Investor protection and market transparency
Not later than 180 days after the date of enactment of this Act, the Commission shall amend the rules of the Commission to require investment advisers required to submit the form described in section 279.9 of title 17, Code of Federal Regulations (commonly known as Form PF), or any successor regulation, to report quarterly to the Commission all—
(a) investments of the private funds advised by that investment adviser; and
(b) loans made by the applicable investment adviser during the period covered by the disclosure.
VI Restrictions on securitizing risky corporate debt
VII Miscellaneous