Healthcare Ownership Transparency Act

Summary

Healthcare Ownership Transparency Act This bill requires health care corporations that participate in Medicare to disclose private equity interests and related financial information. Specifically, the bill requires corporations, as part of the Medicare enrollment and revalidation processes for providers and suppliers, to disclose information about debts, assets, financial transactions, and other information. Providers that are controlled by private equity funds (e.g., venture capital funds) must disclose similar information as well as specific information relating to the private equity fund, such as the percentage of equity contributed by the partners of the fund. The Government Accountability Office must use this information to periodically evaluate the extent to which health care consolidation is taking place and the effects of private equity in health care on costs, staffing, and other factors. The Department of Health and Human Services (HHS) must also establish a task force to address and limit the role of private equity and consolidation in health care. HHS may prohibit certain mergers or acquisitions until the task force has had sufficient time to assess whether there are abusive practices in specific health care sectors or by health care entities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 March 2023

   Introduced

   Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 23 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 March 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 May 2023

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

5. 17 December 2024

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 March 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 March 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 March 2023

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 23 March 2023

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Jayapal, Pramila [D-WA-7] · D · Sponsor
• Rep. Bowman, Jamaal [D-NY-16] · D · Sponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
• Rep. García, Jesús G. "Chuy" [D-IL-4] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Scanlon, Mary Gay [D-PA-5] · D · Sponsor
• Rep. Smith, Adam [D-WA-9] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Cosponsor
• Rep. Frost, Maxwell [D-FL-10] · D · Cosponsor
• Rep. Pocan, Mark [D-WI-2] · D · Cosponsor
• Rep. Tokuda, Jill N. [D-HI-2] · D · Cosponsor
• Sen. Kim, Andy [D-NJ] · D · Cosponsor
• Rep. Chu, Judy [D-CA-28] · D · Cosponsor
• · hswm00 · Standing
• · hsif00 · Standing

Related records

• related to ← Healthcare Ownership Transparency Act