Senate Democrats target private equity in potential affordability probes
TOP STORY: US Senate Democrats plan to investigate private equity’s impact on healthcare, housing and other essential costs if they regain control of the chamber in next week’s midterm elections, according to a report by Reuters.
Senate Democrats are planning to investigate the impact of private equity on essential costs such as healthcare, housing, and other expenses if they secure control of the chamber during the upcoming midterm elections, according to a report by Reuters. Daniel Goshorn, the chief investigative counsel for Democrats on the Senate Finance Committee, revealed that lawmakers will scrutinize how financial structures utilized by private equity firms influence living expenses.
The committee's priorities may also encompass data center taxation and issues related to artificial intelligence. A Democratic victory would grant current ranking member Ron Wyden the privilege to lead the Finance Committee, thereby expanding the party's capacity to investigate matters concerning affordability and corruption. During a law firm Mayer Brown event, Goshorn disclosed that financial institutions might be subjected to requests for information should the Trump administration refrain from cooperating with congressional inquiries.
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