Find more information on the issues deeply affected by private equity investments:
Senator Markey, chair of the Health, Education, Labor, and Pensions (HELP) Subcommittee on Primary Health and Retirement Security, and Congresswoman Jayapal introduced the Health Over Wealth Act, targeting transparency and accountability for private equity firms and for-profit companies in…
On July 30, the Guaranteed Severance bill will be reintroduced in the Michigan legislature. The Worker Adjustment and Retraining Notification (WARN) Act is a federal law that requires employers to provide advance notice of mass layoffs or plant closings that…
Introduction In June, eleven attorneys general (AG) submitted a letter to the federal government outlining how private equity in U.S. healthcare can harm patients and workers. The signatories were the AGs from California, Connecticut, Delaware, Illinois, Minnesota, New Jersey,…
The largest public pension fund in the United States, the $500 billion California Public Employees Retirement System (CalPERS), began implementing its policy to address subpar labor practices at some of its private equity firms’ portfolio companies. During the…
On June 5, over 90 organizations and individuals, representing patients, workers, communities, public interest advocates, and healthcare researchers, called on federal authorities, as part of their review of competition in health care, to take action…
This spring, the Private Equity Stakeholder Project launched the Private Equity State Risk Index, a groundbreaking tool aimed at assessing the impacts of private equity on different states. The Private Equity State Risk Index provides stakeholders…
Last month, Eileen O’Grady, PESP healthcare director, testified before a field subcommittee of the U.S. Senate Health, Education, Labor and Pensions (HELP) Committee. The focus of the hearing was “When Health Care Becomes Wealth Care: How Corporate Greed Puts…
Today, the Private Equity Stakeholder Project (PESP), a nonprofit watchdog of the private equity industry and Wall Street, launches the Private Equity State Risk Index, a groundbreaking tool aimed at assessing the impacts of private equity (PE)…
California Attorney General Rob Bonta and Assembly Speaker pro Tempore Jim Wood (D-Healdsburg) have introduced a new bill intended to strengthen state oversight of private equity abuses in healthcare. The move comes amid rising legislative and regulatory scrutiny of…
Biden decision signals decline of LNG, increased risk for investors with exposure to fossil fuels Financial watchdog PESP encourages investors to avoid financial risks of their energy investments Statement from Nichole Heil, climate campaigner and researcher at the…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
On October 7, 2023, California Governor Gavin Newsom signed SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Greenhouse Gases: Climate-Related Financial Risk) into law, the first of its kind in the United States.[1] Both bills place…
