And unless they can demonstrate they haven't engaged in these practices and those banned Investors must sell their stakes within two years. Refunds will go to families. It The bill will require those investors provide full refunds for junk fees, cancel predatory contracts, and wipe out outstanding debts and late fees. and others these firms have imposed. And there will be liability where these firms and investors are held personally and financially responsible for violations when they've been in charge. (10:47–10:59)
CLAIM
Asserts that the bill mandates refunds and contract cancellations for families affected by predatory practices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
