MEDIA ADVISORY ON STOP WALL STREET LOOTING ACT OF 2019

July 18, 2019

Americans for Financial Reform will host a briefing call TODAY on the details of the Stop Wall Street Looting Act of 2019.

The legislation, introduced today by Senators Elizabeth Warren, Sherrod Brown, and Tammy Baldwin, as well as Representatives Pramila Jayapal and Mark Pocan, is the first major legislation to address the widespread abuses of private equity and hedge fund executives. It would ensure private equity titans are held responsible for the damage they cause, prevent looting of target companies, protect worker wages, severance, and pensions, and improve transparency.

The call will feature legislative subject matter experts, a person affected by the industry’s abuses, and an industry veteran who supports the bill.

WHAT: Briefing on Stop Wall Street Looting Act of 2019

WHEN: 3pm ET

WHERE: Conference call

RSVP to Kyra Sadovi, kyra@ourfinancialsecurity.org.

Dial (800) 230-1096 and ask for “Private Equity Legislation” conference call.

WHO:

Ann Marie Reinhart Smith, former Toys ‘R’ Us employee whose job was destroy in a private equity buyout.

Heather Slavkin Corzo, senior fellow at Americans for Financial Reform and director of capital markets policy at the AFL-CIO

Adam Levitin, professor of bankruptcy law at Georgetown University

Michael Frerichs, Illinois State Treasurer

Leo Hindery, private equity investor and philanthropist

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