3.0.0
4804
2025-06-03T14:25:24Z
2025-06-03T14:25:24Z
Senate
S
S
2024-07-25
118
- ssfi00
Finance Committee
Senate
Standing
  - Referred To
2024-07-25T18:31:50Z

- Hospital Stability and Health Services Act of 2024
118
4777
S
2024-07-25
Read twice and referred to the Committee on Finance.
  - Related bill
CRS

- Health Over Wealth Act
118
9156
HR
2024-12-17
Referred to the Subcommittee on Health.
  - Identical bill
CRS
- 2024-07-25
  - ssfi00
Finance Committee
Senate
Read twice and referred to the Committee on Finance.
IntroReferral
- 2024-07-25
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- M000133
Sen. Markey, Edward J. [D-MA]
Edward
Markey
D
MA
J.
N
- B001230
Sen. Baldwin, Tammy [D-WI]
Tammy
Baldwin
D
WI
2024-07-25
True
- W000800
Sen. Welch, Peter [D-VT]
Peter
Welch
D
VT
2024-07-25
True
- M001176
Sen. Merkley, Jeff [D-OR]
Jeff
Merkley
D
OR
2024-07-25
True
- W000817
Sen. Warren, Elizabeth [D-MA]
Elizabeth
Warren
D
MA
A.
2024-07-25
True
- S000033
Sen. Sanders, Bernard [I-VT]
Bernard
Sanders
I
VT
2024-07-25
True
- B001288
Sen. Booker, Cory A. [D-NJ]
Cory
Booker
D
NJ
2024-07-25
True
- S001203
Sen. Smith, Tina [D-MN]
Tina
Smith
D
MN
2024-07-25
True
- B001277
Sen. Blumenthal, Richard [D-CT]
Richard
Blumenthal
D
CT
2024-07-25
True
Health
Health
2024-09-05T13:29:19Z
00
2024-07-25
Introduced in Senate
2024-09-26T16:34:09Z
Health Over Wealth Act
This bill establishes a series of restrictions and requirements regarding for-profit corporations that own health care entities.
Specifically, the bill requires for-profit corporations that are controlled by private equity funds to obtain a license from the Department of Health and Human Services (HHS) before purchasing or investing in a health care entity. Additionally, for-profit corporations that own or are affiliated with health care entities must report certain ownership and financial information to HHS, such as the corporation's debts, assets, and political spending. The bill establishes civil penalties for violations.
HHS must require for-profit corporations that are controlled by private equity funds to take certain actions to mitigate the risk of health care disruptions (e.g., escrow accounts to cover closures). In addition, as a condition of Medicare participation, hospitals must notify HHS about expected closures or discontinuations of services at least 90 days in advance.
The bill also prohibits transactions between for-profit corporations or their affiliated health care entities and real estate investment trusts (REITs) if the transaction would weaken the health care entity's financial status; HHS may collect civil penalties and bring civil actions for violations. The bill additionally excludes rent from health care entities from factoring into whether a corporation may be considered a REIT for tax purposes.
Finally, the bill prohibits investment companies from stripping assets from health care entities, and it requires bankruptcy courts to give substantial weight to how a bankruptcy plan involving health care entities would preserve health care quality and access.

Health Over Wealth Act
- Display Title
45

Health Over Wealth Act
2024-08-24T04:23:16Z
- Short Title(s) as Introduced
101

Health Over Wealth Act
2024-08-24T04:23:14Z
Introduced in Senate
IS
- Official Title as Introduced
6

A bill to amend the Public Health Service Act to require the Secretary of Health and Human Services to enforce certain requirements with respect to for-profit corporations that own health care systems, and for other purposes.
2024-08-24T04:18:18Z
Introduced in Senate
IS
- Introduced in Senate
2024-07-25T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118s4804is/xml/BILLS-118s4804is.xml
2024-07-25
Read twice and referred to the Committee on Finance.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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