This House resolution expresses support for protecting Americans from the harmful effects of private equity. It says private equity firms and large institutional investors are buying services people use, including housing, child care, healthcare, energy, and nursing homes. The resolution lists examples and findings from the text: private equity firms buy about 1 in 5 single-family homes sold and more than a quarter of lower-priced homes; manufactured home prices have more than doubled since 2018 with private equity making up 23 percent of purchases; private equity controls four of the top five for-profit child care chains and 10–12 percent of the child care market; private equity owned about 30 percent of for-profit hospitals and medical practices in 2024, with some acquisitions linked in the text to higher prices and worse patient outcomes; private equity dental affiliations rose from 6.6 percent in 2015 to 12.8 percent in 2021; and private equity ownership of nursing homes is associated in the text with higher patient deaths and more preventable hospital visits.
The resolution calls for a comprehensive plan that would raise staffing, safety standards, and pay in healthcare, child care, and nursing homes; end the use of taxpayer dollars to help institutional investors buy homes; guarantee a right to legal counsel for tenants facing eviction from private equity-owned housing; require full transparency of private equity ownership and stronger antitrust reviews; stop executives from using taxpayer dollars to enrich themselves; and support nonprofit, community-based, cooperative, and independent alternatives.
No publicly available information. The resolution itself does not include specific spending amounts or funding details.
Supporters say private equity ownership is driving up prices, cutting quality, reducing choices, and harming people who rely on housing, child care, healthcare, energy, and nursing homes. The resolution lists studies and figures that supporters use to argue for stronger oversight, transparency, protections for tenants and patients, and alternatives to private equity ownership.
No publicly available information. The resolution text does not include statements from opponents or counterarguments.