Private equity health care deals need federal license and 90-day notice.

What it does

This bill sets up new rules for private equity firms. They must get a federal license to buy health care places. Health care places owned by private equity must report money and staffing data. They report to the government. If a health care place wants to close, it must tell people 90 days ahead. It must make a plan to keep key services running. The bill creates a task force to study how private equity affects health care.

Who it affects

People who get health care from private equity-owned places gain notice before closures. Health care workers gain priority in bankruptcy claims. Private equity firms must follow new licensing rules and report data.

One thing to notice

The bill requires 90 days' notice before a health care place can close. It also requires a plan to protect key services.

From the analysis of the bill text, linked under Primary records below.

Where it stands

7 cosponsors: 6 Democrats, 1 Independents.

• Jul 23, 2026 — Introduced · Congress.gov: “Introduced in Senate”
• Jul 23, 2026 — Referred to Senate Committee on Finance · Congress.gov: “Read twice and referred to the Committee on Finance”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Words to know

• private equity — A company that buys other companies or parts of companies to make money.
• licensing — Official permission from the government to do a certain job or business.
• task force — A group set up to study a problem and report back what they find.
• bankruptcy — A legal process when a company or person cannot pay money they owe.