H. Res. 1207
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.