Connecticut legislation · 2026 General Assembly
Connecticut SB481: AN ACT REQUIRING NURSING HOME OWNERSHIP TRANSPARENCY, FINANCIAL SAFEGUARDS PROTECTING NURSING HOME OPERATIONS AND PROPERTY AND PROHIBITING REQUIRED ARBITRATION AGREEMENTS.
Status: In committee, April 30, 2026
What the bill says
An act establishing financial safeguards for private equity ownership of nursing homes and prohibiting required arbitration agreements. assembly convened.
From the introduced text:
AN ACT ESTABLISHING FINANCIAL SAFEGUARDS FOR PRIVATE EQUITY OWNERSHIP OF NURSING HOMES AND PROHIBITING REQUIRED ARBITRATION AGREEMENTS. Assembly convened: Section 1. (Effective October 1, 2026) (a) As used in this section, (1) "nursing home" has the same meaning as provided in section 19a-490 of the general statutes, and (2) "ownership entity" means an individual or publicly traded or non-publicly traded company that collects capital investments from individuals or entities and purchases a direct or indirect ownership share of a nursing home, and includes 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 the following information: (1) The name and business address of all ownership entities with a beneficial ownership interest in said nursing home and a statement of whether said ownership entity is an individual, partnership, corporation or other legal entity; (2) the names of the LCO No. 2818 1 of Raised Bill No. officers, directors, trustees or managing and general partners of any such ownership entity and the number of shares owned or ownership percentage of the ownership entity held by each partner; (3) if such ownership entity is a corporation that is incorporated in another state, a certificate of …
Sponsors
- Martin Looney (D, 11) · primary sponsor
- Mary Fortier (D, 79)
- Tom Delnicki (R, 14)
Latest actions
- : File Number 746
- : Favorable Report, Tabled for the Calendar, Senate
- : New File by Committee on Judiciary
- : Reported Out of Legislative Commissioners' Office
- : Referred to Office of Legislative Research and Office of Fiscal Analysis 05/04/26 12:00 PM
- : Filed with Legislative Commissioners' Office
- : Joint Favorable Substitute
- : Immediate Transmittal
- : Referred by Senate to Committee on Judiciary
- : File Number 481
Votes
- JUD Vote Tally Sheet (Joint Favorable Substitute) (April 24, 2026): 30 yea, 11 nay, passed
- HS Vote Tally Sheet (Joint Favorable Substitute) (March 19, 2026): 16 yea, 7 nay, passed
Subjects: Social Services, Department of, Civil actions, Arbitration and award
Common questions
- What is SB481?
- SB481 is a bill in the Connecticut Legislature (2026 General Assembly): AN ACT REQUIRING NURSING HOME OWNERSHIP TRANSPARENCY, FINANCIAL SAFEGUARDS PROTECTING NURSING HOME OPERATIONS AND PROPERTY AND PROHIBITING REQUIRED ARBITRATION AGREEMENTS.
- What does SB481 do?
- In its own words: An act establishing financial safeguards for private equity ownership of nursing homes and prohibiting required arbitration agreements. assembly convened.
- What is the status of SB481?
- In committee as of April 30, 2026. Latest action: File Number 746 (April 30, 2026).
- Who sponsored SB481?
- Martin Looney (D, 11), with 2 co-sponsors.
- Where is the official record for SB481?
- On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00481&which_year=2026
Source: official Connecticut record. Tracked by Delilah, AI for legislation across all 50 states and Congress.