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HR 3262 118th Congress House Health Accounting and auditing Business records Civil actions and liability Government information and archives Health facilities and institutions Health information and medical records Health programs administration and funding

To amend title XI of the Social Security Act to increase transparency of certain health-related ownership information.

Introduced: May 11, 2023 Introduced by: Schakowsky, Janice D. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Health.
May 12, 2023
Referred to the Subcommittee on Health.
May 11, 2023
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 11, 2023
Introduced in House
 Plain-English summary Congressional Research Service

This bill requires certain health care entities to disclose specific information about their ownership and finances.

Specifically, the bill requires entities, subject to civil penalties, to annually report to the Department of Health and Human Services (HHS) information relating to mergers, acquisitions, and changes in ownership over the previous year, as well as information on the entity's parent company, if applicable.

The requirements apply to hospitals, certain ambulatory surgical centers, independent freestanding emergency departments, physician-owned practices that have more than 25 physicians, and physician practices that are owned by a hospital, health plan, private equity company, or venture capital firm.

Hospitals must also report information about their business structure, debts, real estate transactions, and certain investments.

HHS must post a summary of the reported information on its website, including trends in consolidation.

What's happening now December 17, 2024

Referred to the Subcommittee on Health.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Republican 1