US SB3829

Creates criminal penalties of 1-6 years imprisonment and civil penalties up to 5 times the clawback amount for private equity executives and control persons whose actions contribute to patient death or injury at acquired healthcare firms

Authorizes the Attorney General and State attorneys general to claw back compensation from covered parties within 10 years before or after a "triggering event" (missed salary payments, facility closure, loan defaults, or bankruptcy) at private equity-owned healthcare companies

Excludes from federal healthcare programs any entity that sells assets to or uses assets as collateral for loans with real estate investment trusts (REITs), and repeals special REIT tax rules for healthcare properties

Requires healthcare entities including hospitals, health systems, physician practices, and private equity-owned facilities to submit annual ownership disclosure reports to HHS starting January 1, 2027, with penalties up to $5 million for non-compliance or false reporting

Mandates HHS Inspector General study within 3 years on profit-driven healthcare practices including overbilling, staff reductions, and revenue maximization strategies, along with their impact on patient care quality and healthcare worker well-being