S 4503 United States Senate · 118th Congress

Corporate Crimes Against Health Care Act

This bill creates new criminal and civil penalties for executives and investors of healthcare corporations when patient harm occurs due to corporate actions. It targets "covered parties" like directors, officers, and private equity firms that received compensation from a "target firm" (healthcare corporation) during a "triggering event" (such as a hospital closing, failing to pay staff for 90+ days, or defaulting on loans) that resulted in patient injury or death. The bill allows the Attorney General or state attorneys general to claw back compensation received by these parties during the 10 years before or after the triggering event, with recovered funds going to cover employee benefit shortfalls or serve community health needs. Criminal penalties include 1-6 years in prison for violations, while civil penalties can reach up to five times the clawback amount.
Sub-Topics: Hospitals
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 11, 2024 Last action Jun 11, 2024
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Jun 11, 2024
Senate · Referred to committee
Read twice and referred to the Committee on Finance.
Jun 11, 2024
Senate · Introduced
Introduced in Senate
1 primary · 2 co-sponsors

Sponsors