Sen. Elizabeth Warren, as well as three other Democratic Presidential hopefuls Sen. Kirsten Gillibrand, Gov. Jay Inslee and react to questions during the Daily Kos/Netroots Nation candidate forum, at the Convention Center in Philadelphia, PA, on July 13, 2019.
Bastiaan Slabbers | NurPhoto | Getty Images
Democratic presidential candidate Elizabeth Warren aimed her campaign of economic populism on Thursday at a new target: the private equity industry.
The Massachusetts senator, in tandem with colleagues on Capitol Hill, introduced what she calls the “Stop Wall Street Looting Act.” It stands no chance of enactment so long as Republicans control the White House and Senate, but it matters because Warren has risen to the top tier of 2020 Democratic contenders.
Specifically, Warren proposes to:
- Make private equity firms responsible for debts and pension obligations of companies they buy.
- Limit the ability of firms to extract fees, bonuses and dividends from their acquisitions.
- Reinstate the…