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RI S3025
Bill
Status
3/5/2026
Primary Sponsor
Melissa Murray
Click for details
AI Summary
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Nursing facility operators must file detailed ownership information with the Department of Health, including names and addresses of all persons with direct or indirect interests in land, buildings, mortgages, leases, and facility operations
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Partnerships and LLCs must disclose all partners/members; corporations must disclose officers, directors, and principal stockholders
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Operators failing to file required ownership information or filing false information face fines of $1,000,000 or the amount of facility assets diverted to undisclosed interest holders, whichever is greater, plus potential mandatory financial audits at the operator's expense
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Beginning July 1, 2026, nursing facilities cannot withdraw equity or transfer assets exceeding 3% of total annual patient care revenue without prior written approval from the director
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The director must approve or disapprove equity/asset withdrawal requests within 60 days of receipt
Legislative Description
Requires the disclosure of the transfer of certain assets of healthcare facilities and provides penalties for failing to file healthcare facility ownership information.
Health And Safety
Last Action
Introduced, referred to Senate Health and Human Services
3/5/2026