In CommitteeFiled Feb 2, 2026
Sponsor: Javier L. Cervantes
Latest Action
Rule 3-9(a) / Re-referred to Assignments
May 15, 2026
Summary
The bill orders state licensing agencies to adopt rules, by Dec. 31 2026, that make nursing homes, child‑care centers, adult day services and similar providers reveal if they are owned or managed by an asset‑management fund and report the fund’s assets and debt. It also bars those facilities from transactions that could create debt‑funded dividends or otherwise push them into financial distress, and requires the disclosures to be posted publicly. Violations would be treated as consumer‑fraud offenses.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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