Skip to content
Govbase
Govbase
Congress·In Committee·S. 4085

Take Back Our Hospitals Act of 2026

Sen. Murphy Introduces Bill to Ban Private Equity and Real Estate Trusts From Owning Medicare Hospitals

Legislative Progress

Senate
House
President
Law

Key Points

HealthcareEconomy Finance

Impact Analysis

Personal Impact

Life & Work

Small healthcare businesses that have accepted private equity investment — even minority stakes of 10% or more — could lose access to Medicare payments, which are often critical to their revenue. This would force many to restructure their ownership or find alternative financing, potentially at a financial loss.

A person shall be considered to control an entity if such person directly or indirectly owns, has rights over, or holds with the power to vote, 10 percent or more of the voting securities of such entity.
4
2
2
4
-3
ImpactCertaintyScopeDurationSentiment

Programs

Disabilities

Milestones

2 milestones2 actions
Mar 12, 2026Senate

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.

Mar 12, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

Take Back Our Hospitals Act of 2026

Bill NumberS 4085
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.

Sponsor

Cosponsors

(2)
D: 2

Analysis generated by AI. Always verify with official sources.