Protecting Childcare from Private Equity Act
Latest action (22 Jul 2026): Introduced
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.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on July 22, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
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?
- Not yet. As of 22 Jul 2026, H.R. 9875 is introduced.
- Who sponsored H.R. 9875?
- H.R. 9875 was sponsored by Rep. Josh Riley [D-NY19] (Democrat-NY), with 5 cosponsors.
- What's the latest action on H.R. 9875?
- Introduced (22 Jul 2026).
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