Private equity firms are building monopolies in the care economy -- buying up healthcare companies like nursing homes and autism therapy, saddling them with heavy debts even while cutting jobs and services.

It’s not just in healthcare that private equity is putting lives in danger.

Now, a company owned by Blackstone -- the largest private equity firm in the world -- has been found employing 102 children ages 13-17 in dangerous jobs on overnight shifts in 13 meat processing facilities across eight states. And due to current federal law, the U.S. Department of Labor can only sue the subcontractor -- PSSI -- and not Blackstone, the parent company. Blackstone gets off scot-free.

The good news is Congress can fix this loophole and directly take on this outrageous exploitation of children to finance corporate greed by passing the Stop Wall Street Looting Act.

The bill would:

• Make private equity executives legally liable for the damage they cause.

• Stop looting that enriches private equity executives at the expense of workers, communities, and businesses.

• Close tax loopholes -- including the carried interest loophole that lets Wall Street executives pay lower tax rates than teachers, firefighters or fast food workers -- and change rules that encourage predatory financial activities.

• Protect workers if companies go bankrupt.

These reforms are absolutely critical to saving several industries from the ravages of private equity greed. Please write a letter to your members of Congress and ask them to co-sponsor this landmark legislation now.

Urge your members of Congress to co-sponsor and pass the Stop Wall Street Looting Act by adding your name now.