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Increased Transparency of Healthcare Ownership Information

New rules require hospitals and other medical facilities to regularly report information about their owners, mergers, and ownership changes. This aims to increase transparency in the healthcare sector, which can help citizens better understand who controls the facilities they use.
Key points
Hospitals and large physician practices must report ownership and change of ownership data.
Information on hospital debt and business structure will be publicly available.
Failure to report or providing false information carries high financial penalties up to $5 million.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_3262
Sponsor: Rep. Schakowsky, Janice D. [D-IL-9]
Process start date: 2023-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3262.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-11.

What are the main provisions?

Key points include:

  • Hospitals and large physician practices must report ownership and change of ownership data.
  • Information on hospital debt and business structure will be publicly available.
  • Failure to report or providing false information carries high financial penalties up to $5 million.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schakowsky, Janice D. [D-IL-9].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Health