Connecticut legislation · 2026 General Assembly
Connecticut SB125: AN ACT REQUIRING NURSING HOMES TO ANNUALLY REPORT CERTAIN OWNERSHIP INFORMATION REGARDING INVESTMENT ENTITIES, ACQUIRE, IF FEASIBLE, A SURETY BOND OR A SIMILAR FORM OF SECURITY IN AN AMOUNT EQUAL TO NINETY DAYS OF OPERATING COSTS, MAINTAIN FULL GOVERNANCE CONTROL AND AUTHORITY OVER NURSING HOME ASSETS AND ACTIVITIES AND ANNUALLY ATTEST THAT NO INVESTMENT ENTITY HAS CONTROL OVER NURSING HOME RESIDENT HEALTH, SAFETY OR CARE.
Status: Signed into law, June 4, 2026
What the bill says
An act requiring nursing homes to annually report certain ownership information regarding investment entities, acquire, if feasible, a surety bond or a similar form of security in an amount equal to ninety days of operating costs, maintain full governance control and authority over nursing home assets and activities and annually attest that no investment entity has control over nursing home resident health, safety or care. assembly convened.
From the enrolled text:
AN ACT REQUIRING NURSING HOMES TO ANNUALLY REPORT CERTAIN OWNERSHIP INFORMATION REGARDING INVESTMENT ENTITIES, ACQUIRE, IF FEASIBLE, A SURETY BOND OR A SIMILAR FORM OF SECURITY IN AN AMOUNT EQUAL TO NINETY DAYS OF OPERATING COSTS, MAINTAIN FULL GOVERNANCE CONTROL AND AUTHORITY OVER NURSING HOME ASSETS AND ACTIVITIES AND ANNUALLY ATTEST THAT NO INVESTMENT ENTITY HAS CONTROL OVER NURSING HOME RESIDENT HEALTH, SAFETY OR CARE. Assembly convened: Section 1. (NEW) (Effective October 1, 2026) (a) As used in this section, (1) "nursing home" means a nursing home, as defined in section 19a-490 of the general statutes, that has a provider agreement with the state to provide services to recipients of benefits obtained through Title XIX of the Social Security Amendments of 1965; and (2) "investment entity" means (A) any entity that collects capital investments from individuals or entities and purchases, as a parent company or through another entity that the entity completely or partially owns or controls, a direct or indirect ownership share of a nursing home, or (B) a real estate investment trust, as defined in 26 USC 856, as amended from time to time. (b) Not later than February 15, 2027, and annually thereafter, each nursing home shall provide the Commissioner of Social Services with Substitute Senate Bill No. 125 the following information: (1) The name and business …