Health Over Wealth Act

Refreshed 2 h ago

Introduced 2026-07-23Topic: health care · economy jobs · governance ethics

Summary

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This bill would require for-profit companies that own or are affiliated with hospitals, physician practices, nursing homes, and other health care providers to report detailed financial, ownership, staffing, and political spending information to the Department of Health and Human Services, which would make the data public. Private equity firms would need a federal license to invest in or buy health care entities, and the license could be revoked, requiring them to sell their holdings. The bill would limit sales and leases of health care property involving real estate investment trusts, create a federal task force on private equity in health care, and allow civil penalties of up to $10,000 per violation. Hospitals in Medicare would have to give 90 days' notice before closing or cutting services and, in some cases, submit plans to keep essential services available. It would also change bankruptcy claim priorities and the tax treatment of rents from health care property received by real estate investment trusts.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-07-23	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Ways and Means, and the Judiciary, 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.	refer
2026-07-23	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Ways and Means, and the Judiciary, 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.	refer
2026-07-23	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Ways and Means, and the Judiciary, 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.	refer
2026-07-23	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, Ways and Means, and the Judiciary, 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.	refer
2026-07-23		Introduced in House	introduce
2026-07-23		Introduced in House	introduce

Summary

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Action history