PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 11, 2024
Corporate Crimes Against Health Care ActThis bill establishes criminal violations and civil penalties for private equity firms or investment companies that (1) take a controlling interest in a health care organization, and (2) contribute to a triggering event that results in the injury or death of a patient under the care of the acquired health care organization.A triggering event occurs if the acquired health care organization (1) closes; (2) is behind on rent payments for more than 90 days; (3) defaults on a loan for more than 90 days; or (4) is behind, at any time, on salary payments beyond specified limits.These violations also apply to conduct that contributes to a triggering event by a director, officer, shareholder, or person with the ability to control the acquiring firm, company, or acquired health care organization.Additionally, the bill authorizes the Department of Justice and state attorneys general to claw back compensation (e.g., salaries of executives of the acquiring firm, company, or health care organization) paid by the health care organization during the 10-year period before and after a triggering event occurs if an aggravating circumstance is established.Violators of these provisions are subject to a prison sentence of one to six years and civil penalties of not more than five times the amount of any clawback.
The bill prohibits an entity from receiving payments from a federal health care program if the entity sells assets or offers assets as collateral to a real estate investment trust (REIT).The bill also eliminates certain tax benefits for REITs.
People & committees
Sen. Warren, Elizabeth [D-MA] · D–MA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: May 27, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze S.4503 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine S.4503 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine S.4503 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.4503 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.