# 119-hr-9875: Protecting Childcare from Private Equity Act

119-hr-9875, Protecting Childcare from Private Equity Act, is a 119th Congress bill sponsored by Rep. Riley, Josh [D-NY-19] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-07-31).

- Canonical: https://policyrisk.com/legislation/119-hr-9875
- As of: 2026-07-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9875
- Congress: 119
- Title: Protecting Childcare from Private Equity Act
- Status: introduced
- Introduced: 2026-07-22
- Sponsor: Rep. Riley, Josh [D-NY-19] (D-NY)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-31

## Summary

**Private equity ownership of childcare providers** would face new federal oversight, temporary ownership limits, and a two-year federal study. - Families and parents: The Comptroller General must study how private equity ownership affects care quality, availability of spots, tuition, and employee wages. A report to Congress is due within 2 years. - Childcare providers and investors: For 4 years after a covered private fund first controls a provider, the fund may not sell its interest and the provider may not pay dividends, capital distributions, or undertake share buybacks with the fund. - Regulators and Congress: The Securities and Exchange Commission, in consultation with the Secretary of Health and Human Services, would require covered private funds to provide ownership and transaction data within 1 year. The SEC must deliver an anonymized annual report to Congress no later than 1 month after each fiscal year. - Which entities are covered: A "covered private fund" must have more than $150 million in assets under management and provide childcare at more than 25 locations. The bill defines "controls" as owning more than 50% of a legal entity's voting equity.

## Cosponsors (5)

- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-07-22T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2026-07-22T00:00:00.000Z
- Rep. McClain Delaney, April [D-MD-6] (D-MD), 2026-07-22T00:00:00.000Z
- Rep. Subramanyam, Suhas [D-VA-10] (D-VA), 2026-07-22T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-07-22T00:00:00.000Z

## Provisions PRIA read

- New rules for private equity childcare: mixed, low. If enacted, the bill would define which private equity funds count as "covered private funds." A fund would be covered if it would be an investment company except for two specific exemptions, has more than $150,000,000 in assets under management, and through companies it controls provides childcare…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-2086: Rights for the TSA Workforce Act

## Sources
- [119-hr-9875 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9875)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-2086: Rights for the TSA Workforce Act](https://policyrisk.com/legislation/119-hr-2086)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9875 (as of 2026-07-31).