Corporate Crimes Against Health Care Act

The Corporate Crimes Against Health Care Act would prohibit private equity firms and related parties from unjustly enriching themselves through acquisitions of health care corporations when such actions contribute to patient harm or death. It establishes criminal penalties of 1 to 6 years imprisonment and civil penalties up to five times the amount of clawed-back compensation for covered parties—including directors, officers, control persons, shareholders, and private funds—whose actions led to a triggering event affecting patients. The bill authorizes the Attorney General or state attorneys general to claw back compensation received from target firms over the preceding or succeeding 10 years, with recovered funds directed to harmed employees and community health care needs, while providing an affirmative defense if the covered party could not have prevented the triggering event.

No official summary is available here. This one was written by AI from the bill’s text.