This resolution expresses congressional support for protecting Americans from private equity's effects on essential services like housing, healthcare, child care, and nursing homes. The resolution contends that private equity ownership has driven up prices, reduced service quality, and limited consumer choices across these sectors, citing examples such as private equity firms purchasing one in five single-family homes and controlling roughly 30 percent of for-profit hospitals. The resolution does not authorize any spending or establish specific timelines but instead calls for a comprehensive federal plan that would include stricter staffing and safety standards, elimination of taxpayer subsidies for institutional home purchases, increased transparency requirements, and support for nonprofit and community-based alternatives to private equity ownership. The resolution references several previously introduced bills from the 117th and 118th Congresses that address specific sectors, though none of those proposals became law. As a resolution rather than a bill, this measure expresses the House's position without creating enforceable law or requiring implementation.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.