In her continuing effort to punish success, Sen. Elizabeth Warren is going after an important piece of America’s thriving economy: the private-equity industry. Her subtly titled Stop Wall Street Looting Act would put private-equity investors in a legal category separate from other investors, severely limiting the legal protections available to them and diminishing their incentive to take risks and invest. Ms. Warren’s legislation would hold private-equity firms, but not other investors, responsible for the liabilities of the...

Source: Wall Street Journal December 15, 2019 19:52 UTC