H.Res. 1207 · 119th Congress · House

Stop Private Equity Harms Resolution

Active· Referred to the House Committee on Financial Services.
Introduced
Apr 22, 26
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending
119TH CONGRESS2D SESSION

H. Res. 1207


AN ACT

Stop Private Equity Harms Resolution

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION

That the House of Representatives recognizes the need for a comprehensive plan to protect Americans from the harmful effects of private equity which— (1) raises staffing, safety standards, and pay in healthcare, child care, and nursing homes; (2) ends the use of taxpayer dollars to help institutional investors buy homes, and guarantees a right to legal counsel for tenants facing eviction from private equity-owned housing; (3) requires full transparency of private equity ownership and strengthens antitrust and competition reviews; (4) stops executives from using taxpayer dollars to unreasonably enrich themselves; and (5) supports alternatives to private equity—including nonprofit, community-based, cooperative, and independent providers—to put people over profits in these critical sectors.