U.S. Senators Tammy Baldwin And Jeff Merkley Introduce Legislation To Strengthen Oversight Of Activist Hedge Funds
WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. The Brokaw Act is named for a small Wisconsin town that went bankrupt after an out-of-state hedge fund closed a paper mill that had provided good jobs to