Protecting Childcare from Private Equity Act
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Jul 2026): Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, 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.
What this bill does
H.R. 9875, the Protecting Childcare from Private Equity Act, would direct the Securities and Exchange Commission, working with the Department of Health and Human Services, to collect data from certain large private investment funds about their ownership, purchases, and sales of childcare businesses. The SEC would report anonymized data to Congress annually. The bill also would bar a covered fund, for four years after it gains control of a childcare provider, from selling its stake in that entity or taking dividends, capital distributions, or share buybacks from it. Separately, the Government Accountability Office would study how private equity ownership affects childcare quality, availability, tuition, and worker wages, reporting to Congress within two years.
The bill targets "covered private funds"—those exempt from the Investment Company Act under specific provisions, managing more than $150 million in assets, and controlling childcare operations at more than 25 locations. It would not affect smaller investors or childcare providers below that scale. Childcare businesses owned by such funds, their employees, and families using their services could be indirectly affected through the new restrictions and oversight.
The bill was introduced July 22, 2026, by Rep. Josh Riley (D-NY) with several cosponsors, and referred to the House Committees on Financial Services and on Education and Workforce. As an introduced bill, it would need committee consideration, potential amendment, and votes in both chambers before it could become law; no further action has yet occurred.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Jul 2026
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, 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.
Common questions
- What does H.R. 9875 do?
- H.R. 9875, the Protecting Childcare from Private Equity Act, would direct the Securities and Exchange Commission, working with the Department of Health and Human Services, to collect data from certain large private investment funds about their ownership, purchases, and sales of childcare businesses. The SEC would report anonymized data to Congress annually. The bill also would bar a covered fund, for four years after it gains control of a childcare provider, from selling its stake in that entity or taking dividends, capital distributions, or share buybacks from it. Separately, the Government Accountability Office would study how private equity ownership affects childcare quality, availability, tuition, and worker wages, reporting to Congress within two years. The bill targets "covered private funds"—those exempt from the Investment Company Act under specific provisions, managing more than $150 million in assets, and controlling childcare operations at more than 25 locations. It would not affect smaller investors or childcare providers below that scale. Childcare businesses owned by such funds, their employees, and families using their services could be indirectly affected through the new restrictions and oversight. The bill was introduced July 22, 2026, by Rep. Josh Riley (D-NY) with several cosponsors, and referred to the House Committees on Financial Services and on Education and Workforce. As an introduced bill, it would need committee consideration, potential amendment, and votes in both chambers before it could become law; no further action has yet occurred.
- Has H.R. 9875 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9875. Check the latest action and official source below.
- Who sponsored H.R. 9875?
- H.R. 9875 was sponsored by Rep. Riley, Josh [D-NY-19] (D-NY), with 5 cosponsors.
- What's the latest action on H.R. 9875?
- Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, 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. (22 Jul 2026).
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