A bill for an act relating to the review and approval by the department of inspections, appeals, and licensing of housing and health care facility acquisitions by private equity firms.

SF 414 requires Iowa's Department of Inspections, Appeals, and Licensing (DIAL) to review and approve acquisitions of housing or health care facilities by private equity firms. Private equity firms must notify DIAL 60 days before an acquisition and provide detailed information, including financial records and plans affecting facility operations. DIAL cannot approve an acquisition if it would reduce access to quality, affordable housing or health care services, and must post all pending acquisitions online for public comment. This bill directly affects private equity firms purchasing housing or health care facilities in Iowa, creating a new review process to protect public access to these essential services.