Firms whose actions harm patients would face jail time and fines, and healthcare ownership would become public.
This bill would create new federal criminal and civil penalties for private equity firms and others whose actions lead to patient death or injury at healthcare companies they control. It would allow the government to take back unjust profits and would force many healthcare entities to share detailed financial information publicly. This aims to increase accountability and transparency in the healthcare industry.
Today, there are no specific federal criminal or civil penalties, or clawback mechanisms, directly targeting private equity firms or other covered parties for unjust profits linked to patient death or injury at healthcare firms. This bill would establish new federal criminal and civil penalties, including jail time of 1 to 6 years and fines up to 5 times unjust profits, and allow the government to take back up to 10 years of compensation from firms if patient death or injury occurs due to specific financial problems. It would also mandate extensive annual reporting of ownership and financial data by many healthcare entities, with public disclosure of this information, which is not broadly required today.
S 3829 · 119th Congress · February 11, 2026 · AI Summary by gemini-2.5-flash · 3/10
Sign in to see your representatives' phone numbers
7 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.