America faces a retirement crisis, but the solution is not to squeeze employees more or to cut retail jobs and wages.

It's time to fact-check those claims.

The Stop Wall Street Looting Act will finally close regulatory loopholes and change the rules that have only served the billionaire class while wreaking havoc in our communities.

It is also bad for seniors and their families when private equity firms buy up nursing homes and other health care providers.

We need to get the facts on the table about what private equity firms are doing to our economy and to our communities.

It's bad for students when private equity firms buy up for-profit colleges.

This is why I have introduced the Stop Wall Street Looting Act.

It is bad for communities when private equity firms buy up thousands of manufactured homes and the land that they sit on.

It's bad for workers and consumers when local retailers or even large chains are bought out by private equity firms.

Private equity executives make off with massive short-term gains and they leave workers, consumers, communities, and ordinary investors with pretty much nothing to show for it.

It's bad for communities when private equity firms buy up thousands of manufactured homes or the land they sit on.

Everything they did was to profit them and to hurt the people, and they did not care.

I'm asking you, Senators, to summon the same courage we found to stand up to these Wall Street executives and corporate billionaires, because essential workers can no longer be treated as collateral damage.

So they take $400 million out while they are laying off people, shortchanging you on supplies.

I don't want to eliminate private equity. But I do want to fix it.

In 2019, I opened a broad investigation of the role of private equity in the economy, and this investigation exposed how the industry is fundamentally broken.

It's long past time to reform this industry and end their most destructive practices.

More than $150 billion a year is lost by these top earners. And that is exactly why Congress is considering a simple new third-party reporting requirement.