Stop Private Equity Harms Resolution
Sponsored By: Representative Khanna
Introduced
Summary
**This bill would call for a comprehensive plan to *stop private equity harms* in housing, child care, health care, energy, and nursing homes.** It compiles evidence of PE ownership driving higher prices, worse outcomes, and concentrated market control and lays out five policy goals to hold investors and executives accountable and expand non‑profit and community alternatives.
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- Families and child care workers would see pushes for higher pay, stronger safety standards, and more nonprofit or cooperative child care options. The resolution notes center-based infant care averages over $12,000 per year.
- Renters and homeowners would gain protections that aim to end taxpayer subsidies that help institutional investors buy homes and would guarantee legal counsel for tenants facing eviction from PE-owned housing. The resolution cites PE buying about 1 in 5 homes sold and more than a quarter of lower-priced homes.
- Patients, health workers, and nursing home residents would be affected by demands for transparency, stronger antitrust review, limits on executive enrichment using public funds, and higher staffing and safety standards. The resolution cites roughly 30 percent PE ownership of for-profit hospitals and links PE ownership to higher patient deaths and price increases.
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Bill Overview
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Sponsors & CoSponsors
Sponsor
Khanna
CA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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