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IA SF2236

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Tony Bisignano

Click for details

Origin

Senate

91st General Assembly

AI Summary

  • Prohibits the Iowa Department of Inspections, Appeals, and Licensing (DIAL) from approving ownership transfers of previously licensed nursing facilities to private equity funds or real estate investment trusts (REITs)
  • Blocks ownership transfers to entities that are majority-owned by private equity funds or REITs
  • Prohibits transfers to any affiliate of a private equity fund or REIT
  • Amends Iowa Code Section 135C.7A by adding new subsection 6A to existing nursing facility ownership change approval requirements
  • References federal definitions for private equity funds (12 U.S.C. §1851(h)(2)) and REITs (26 U.S.C. §856(a))

Legislative Description

A bill for an act prohibiting certain changes of ownership of a previously licensed nursing facility.

Last Action

Subcommittee: Rozenboom, Bisignano, and Schultz. S.J. 277.

2/12/2026

Committee Referrals

State Government2/9/2026

Full Bill Text

No bill text available