I'm Just a Bill: Stop Wall Street Looting Act / Private Equity Transparency (S.2155)
๐ I’m Just a Bill โ Stop Wall Street Looting Act (S.2155)
A Liana Banyan “I’m Just a Bill” Bounty Poster
What is this bill?
S.2155 in the 119th Congress would impose transparency, accountability, and limit-of-extraction provisions on private equity (PE) firms, addressing the documented pattern of PE acquisitions leading to bankruptcies in healthcare, retail, housing, and journalism.
What does it actually do?
- PE transparency: Requires disclosure of PE ownership stakes in operating companies.
- Joint-and-several liability: PE firms bear liability for the debts of acquired companies (closes the bankruptcy-shield loophole).
- Healthcare PE: Specific provisions for PE-owned hospitals, nursing homes, and physician practices.
- Worker protections: Severance and pension protections in PE-driven bankruptcies.
- Carried-interest taxation: Closes the carried-interest tax loophole.
Who votes when?
- Senate Banking + HELP: Active consideration
- House companion: Pending introduction
- President: Signature dependent on chamber action
How does this affect cooperative-class families?
Composes directly with the cooperative-architecture thesis. Liana Banyan exists structurally as the alternative to extractive financial architectures โ including PE-driven rollups in healthcare (#6 Tatiana Schlossberg Health Accords + #7 MSA), retail (#3 Lets Go Shopping cooperative marketplace), and food (#1 Lets Make Dinner + #2 Lets Get Groceries cooperative grocery model).
The cooperative is built so that the Cost+20% margin is fixed-by-structure โ PE rollups CANNOT happen to the cooperative because the structure prevents the extraction model that PE relies on.
Shirley Temple Truth Score
๐ก Provisional โ Council vote pending.
Help Each Other Help Ourselves.