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Healthcare Ownership Transparency Act

USA118th CongressHR-1754| House 
| Updated: 12/17/2024
Pramila Jayapal

Pramila Jayapal

Democratic Representative

Washington

Cosponsors (12)
Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Maxwell Frost (Democratic)Jill N. Tokuda (Democratic)Mary Gay Scanlon (Democratic)Andy Kim (Democratic)Adam Smith (Democratic)Jesús G. "Chuy" García (Democratic)Jamaal Bowman (Democratic)Lloyd Doggett (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)

Ways and Means Committee, Health Subcommittee, Health Subcommittee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 117-6885
Healthcare Ownership Transparency Act
Mar 23, 2023
Introduced in House
Mar 23, 2023
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.
May 9, 2023
Referred to the Subcommittee on Health.
Dec 17, 2024
Referred to the Subcommittee on Health.
  • Bill from Previous Congress

    HR 117-6885
    Healthcare Ownership Transparency Act


  • March 23, 2023
    Introduced in House


  • March 23, 2023
    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.


  • May 9, 2023
    Referred to the Subcommittee on Health.


  • December 17, 2024
    Referred to the Subcommittee on Health.

Health

Healthcare Ownership Transparency Act

USA118th CongressHR-1754| House 
| Updated: 12/17/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6885
Healthcare Ownership Transparency Act
Mar 23, 2023
Introduced in House
Mar 23, 2023
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.
May 9, 2023
Referred to the Subcommittee on Health.
Dec 17, 2024
Referred to the Subcommittee on Health.
  • Bill from Previous Congress

    HR 117-6885
    Healthcare Ownership Transparency Act


  • March 23, 2023
    Introduced in House


  • March 23, 2023
    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.


  • May 9, 2023
    Referred to the Subcommittee on Health.


  • December 17, 2024
    Referred to the Subcommittee on Health.
Pramila Jayapal

Pramila Jayapal

Democratic Representative

Washington

Cosponsors (12)
Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Maxwell Frost (Democratic)Jill N. Tokuda (Democratic)Mary Gay Scanlon (Democratic)Andy Kim (Democratic)Adam Smith (Democratic)Jesús G. "Chuy" García (Democratic)Jamaal Bowman (Democratic)Lloyd Doggett (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)

Ways and Means Committee, Health Subcommittee, Health Subcommittee, Energy and Commerce Committee

Health

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted