Senate Bill Would Jail Corporate Executives Up to 6 Years for Patient Deaths at Facilities They Own
REIT investors who own shares of healthcare-focused real estate investment trusts could see the value of those investments decline. The bill eliminates the special tax rule for taxable REIT subsidiaries with interests in healthcare property and removes the 20% pass-through deduction for qualified REIT dividends, making healthcare REIT investments less tax-advantaged for all shareholders, including individual homeowners who may hold these in retirement accounts.
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Senator Elizabeth Warren reintroduced the Corporate Crimes Against Health Care Act, which proposes prison sentences of one to six years for executives whose financial decisions lead to patient harm or death. The bill also includes 10-year compensation clawback provisions for bankrupt entities.
Senators Elizabeth Warren and Ed Markey introduced legislation that would result in prison time for health care executives accused of 'corporate greed' that endangers patient safety. The bill follows the high-profile bankruptcy of Steward Health Care.
Senator Elizabeth Warren announced the Corporate Crimes Against Health Care Act outside a hospital facing bankruptcy. The bill targets private equity firms, allowing for prison time if 'looting' leads to patient death and empowering the DOJ to claw back executive pay for up to 10 years.
Document Type
Congressional Bill
Official Title
Corporate Crimes Against Health Care Act
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