Healthcare Ownership Transparency Act

referredUnited States· United States Congress· EN

Introduced

1 March 2022

Last action

2 March 2022 · Referred

Status

Referred to the Subcommittee on Health.

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 March 2022
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
1 March 2022
Introduced
Introduced in House
Source: IntroReferral
1 March 2022
Introduced
Introduced in House
Source: IntroReferral
2 March 2022
Referred
Referred to the Subcommittee on Health.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 1 March 2022 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 1 March 2022
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Introduced in House (PDF)
Introduced in House · EN · 1 March 2022
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Introduced in House
summary · EN · 1 March 2022
Open at official source
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Related records

related to → Healthcare Ownership Transparency Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/117th-congress/house-bill/6885
Open data entity: https://api.congress.gov/v3/bill/117/hr/6885
us · 117-hr-6885 · source updated 3 January 2025