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Private equity firms are drawing political fire on the campaign trail and on Capitol Hill, where lawmakers on Tuesday sparred over whether new rules are needed to contend with the investment vehicles growing role in the U.S. economy.Buyout firms managed as much as $7 trillion in assets at the end of 2018, up from $1 trillion during the 2008 financial crisis, according to a memo prepared by staff for the Democratic-majority House Committee on Financial Services. The committee is considering proposed legislation that would hold PE funds and their investors liable for debts incurred by the companies they acquire.PE fund investments run the gamut mdash; from retail stores and hospitals to private fire d [url=https://www.stanleycups.it]stanley cup[/url] epartments and makers of voting machines mdash; so their [url=https://www.cup-stanley.es]stanley cup[/url] impact is widespread. Much of that impact benefits the U.S. [url=https://www.stanley-cups.us]stanley cup[/url] economy and American workers, according to Drew Maloney, president and CEO of the American Investment Council, which represents private equity firms. Our industry creates jobs, powers the economy and strengthens the retirements of millions of Americans, Maloney said in prepared remarks.Goal is build a better business The goal of all private equity investments is to build a better business, Maloney said, adding that private equity invested $685 billion in more than 4,700 businesses across the U.S. in 2018. Smaller PE funds typically acquire small and midsize companies that can benefit from the financing and operati Wmxn Michigan asks for public s help in battle against invasive Asian carp
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