The Stop Wall Street Looting Act regulates private equity firms that control companies employing 12 million Americans by tightening rules around debt loading, asset stripping, and profit extraction at worker expense. The bill strengthens bankruptcy protections by extending fraud reversal timeframes to 15 years, prioritizing worker back pay and job preservation in bankruptcies and asset sales, and limiting tax deductions for debt-heavy private equity-owned businesses. It closes tax loopholes allowing private equity and hedge fund managers to treat carried interest and partnership compensation as capital gains rather than ordinary income, and requires investment managers to pay self-employment taxes on partnership income. Large private investment funds must file annual public reports to the SEC detailing financial information, portfolio company performance, fees, workforce practices, and climate risks. The law aims to hold private equity accountable for bankruptcies and worker harm while ensuring investors and the public have transparency into fund operations and risks.