Bills › 91st General Assembly
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
Sponsored by Sen. Molly Donahue (D), Sen. William A. Dotzler Jr. (D), Sen. Janet Petersen (D), Sen. Herman C. Quirmbach (D), Sen. Art Staed (D), Sen. Thomas Townsend (D), Sen. Janice Weiner (D), Sen. Cindy Winckler (D), Sen. Mike Zimmer (D)
Topics:State government
Where it is now
- Done: IntroducedFebruary 24, 2025
- Done: SubcommitteeFebruary 26, 2025
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committeeFunnel: by March 20, 2026
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill requires the department of inspections, appeals, and licensing (DIAL) to review any acquisition of housing or health care facilities by a private equity firm. The bill prohibits a private equity firm from completing an acquisition without approval from DIAL and requires a private equity firm to give notice to DIAL of the intended acquisition days before the intended acquisition.
Read the full explanation
The bill prohibits DIAL from approving an acquisition unless DIAL determines that the acquisition is in the public interest, which means the acquisition must not be likely to reduce access to quality, affordable housing or health care services. The bill requires a private equity firm to provide information concerning the acquisition to DIAL upon request. The bill provides that DIAL must post notice of any pending acquisition on DIAL’s internet site and allow for public comment. DIAL may also hold public forums on a pending acquisition. The bill allows DIAL to seek an injunction to enforce the bill’s provisions.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Senate subcommittee
Named February 26, 2025. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Creates§10A.110
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 0 against · 1 undecided · Who →