Protecting Childcare from Private Equity Act
To require the Securities and Exchange Commission to collect information on certain private fund ownership of child care centers, and for other purposes.
This bill, HB9875, aims to ensure transparency and accountability in the ownership of child care centers by private equity firms. It requires the Securities and Exchange Commission (SEC) to gather information on private funds that own these centers, to better understand their impact on the industry and ensure they are operating in the best interests of children and families. This information will help policymakers and the public make informed decisions about child care regulations and investments.
The bill would primarily affect child care centers, private equity firms, and parents who rely on these centers for their children's care. By collecting data on private equity ownership, the bill seeks to prevent potential issues such as increased costs, reduced quality of care, and instability in the child care market. It aims to protect the interests of children and families by ensuring that child care centers are held to high standards.
HB9875 was introduced on July 22, 2026, and has been referred to the Committee on Financial Services and the Committee on Education and Workforce for further consideration. This bill is in the early stages of the legislative process, and its future actions will depend on the committees' reviews and recommendations.
