A bill to subject certain private funds to joint and several liability with respect to the liabilities of firms acquired and controlled by those funds, and for other purposes.
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Summary
Based on the bill's title, this legislation would impose joint and several liability on certain private funds for the liabilities of firms they acquire and control. The bill's specific scope, definitions of 'private funds,' and implementation mechanisms are not available from the title alone. The measure has been referred to the Senate Finance Committee for consideration.
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How your representatives voted
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