Connecticut 2025 Regular Session Status: In Committee

SB 1332 — AN ACT CONCERNING NURSING HOME FINANCIAL ACCOUNTABILITY AND NURSING HOME OWNERSHIP BY PRIVATE EQUITY COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.

Last action — FILE NO. 133

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

72 added · 9 removed

72 line(s) added, 9 removed.

→
Previous
Latest
General Assembly Substitute Bill No.
Senate General Assembly File No.
1332 January Session, 2025 AN ACT CONCERNING NURSING HOME FINANCIAL ACCOUNTABILITY AND NURSING HOME OWNERSHIP BY PRIVATE EQUITY COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.
133 January Session, 2025 Substitute Senate Bill No.
1332 Senate, March 19, 2025 The Committee on Aging reported through SEN.
HOCHADEL of the 13th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.
AN ACT CONCERNING NURSING HOME FINANCIAL ACCOUNTABILITY AND NURSING HOME OWNERSHIP BY PRIVATE EQUITY COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.
(4) "Ownership interest" means possession of equity in capital, stock, profits or ownership of real estate on which a nursing home operates;
sSB1332 / File No.
133 1 sSB1332 File No.
133 (4) "Ownership interest" means possession of equity in capital, stock, profits or ownership of real estate on which a nursing home operates;
and LCO 1 of 4 Substitute Bill No.
and (6) "Real estate investment trust" has the same meaning as provided in 26 USC 856.
1332 (6) "Real estate investment trust" has the same meaning as provided in 26 USC 856.
(2)A descriptionoftherelevantbusinessexperience oftheowner and of the administrator of the nursing home and evidence that the administrator has a license issued pursuant to section 19a-514;
sSB1332 / File No.
(3) Affidavits signed by the owner, any of the persons described in subdivision (1) of this subsection, the administrator, assistant LCO 2 of 4 Substitute Bill No.
133 2 sSB1332 File No.
1332 administrator, the medical director, the director of nursing and assistant director of nursing disclosing any matter in which such person has been convicted of a felony, as defined in section 53a-25, or has pleaded nolo contendere to a felony charge, or has been held liable or enjoined in a civilactionby finaljudgment,ifthefelonyorcivilactioninvolvedfraud, embezzlement, fraudulent conversion or misappropriation of property;
133 (2)A descriptionoftherelevantbusinessexperience oftheowner and of the administrator of the nursing home and evidence that the administrator has a license issued pursuant to section 19a-514;
(3) Affidavits signed by the owner, any of the persons described in subdivision (1) of this subsection, the administrator, assistant administrator, the medical director, the director of nursing and assistant director of nursing disclosing any matter in which such person has been convicted of a felony, as defined in section 53a-25, or has pleaded nolo contendere to a felony charge, or has been held liable or enjoined in a civilactionby finaljudgment,ifthefelonyorcivilactioninvolvedfraud, embezzlement, fraudulent conversion or misappropriation of property;
(6) Audited and certified financial statements of the owner, including (A) a balance sheet as of the end of the most recent fiscal year, and (B) income statements for the most recent fiscal year of the owner or such shorter period of time as the owner shall have been in existence;
(6) Audited and certified financial statements of the owner, including (A) a balance sheet as of the end of the most recent fiscal year, and (B) income statements for the most recent fiscal year of the owner or such sSB1332 / File No.
133 3 sSB1332 File No.
133 shorter period of time as the owner shall have been in existence;
LCO 3 of 4 Substitute Bill No.
(A) An estimate of such costs as financing expense, legal expense, land costs, marketing costs and other similar costs which the owner expects to incur or become obligated for prior to the commencement of operations;
1332 (A) An estimate of such costs as financing expense, legal expense, land costs, marketing costs and other similar costs which the owner expects to incur or become obligated for prior to the commencement of operations;
-LCO LCO 4 of 4
-LCO sSB1332 / File No.
133 4 sSB1332 File No.
133 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.
In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.
Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.
OFA Fiscal Note State Impact:
None Municipal Impact:
None Explanation The bill, which prohibits private equity companies and real estate investment trusts from acquiring or increasing their ownership interest, operational control, or financial control in a nursing home, results in no state or municipal fiscal impact.
The Department of Public Health has the capacity to review submitted evidence demonstrating a nursing home's compliance with the bill's provisions within existing staffing levels.
sSB1332 / File No.
133 5 sSB1332 File No.
133 OLR Bill Analysis SB 1332 AN ACT CONCERNING NURSING HOME FINANCIAL ACCOUNTABILITY AND NURSING HOME OWNERSHIP BY PRIVATE EQUITY COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.
SUMMARY This bill prohibits private equity companies (PEC) and real estate investments trusts (REIT) from acquiring or increasing their ownership interest, operational control, or financial control in a nursing home beginning October 1, 2025.
Specifically, the bill prohibits PECs and REITs from increasing their:
1.
ownership interest directly or via an (a) entity that has an ownership interest in a nursing home or (b) indirect owner of a nursing home, 2.
ability to affect operations of a nursing home, and 3.
control over the nursing home’s finances.
Under the bill, an ownership interest is capital, stock, profits, or ownership of real estate on which a nursing home operates.
Actions affecting a nursing home’s operations are (1) those that influence or direct actions or policies or (2) choosing or terminating board members, managers or managing members, senior employees, consultants, or other individuals or entities that are part of the nursing home’s oversight.
The bill also requires a person seeking a license to establish, conduct, operate, or maintain a nursing home owned in full or in part by a PEC or REIT to provide the Department of Public Health with evidence sSB1332 / File No.
Show all 46 changed rows (6 more)
Previous
Latest
133 6 sSB1332 File No.
133 demonstrating compliance with these provisions.
Under the bill, a PEC is a publicly or privately owned entity that collects capital investments, and an REIT generally is a company that owns or finances income-producing commercial real estate.
EFFECTIVE DATE:
October 1, 2025 COMMITTEE ACTION Aging Committee Joint Favorable Yea 11 Nay 2 (03/04/2025) sSB1332 / File No.
133 7
⬇ Download PDF
View plain text versions (3)

Action History

  1. FILE NO. 133

  2. SENATE CALENDAR NUMBER 122

  3. FAV. RPT., TAB. FOR CAL., SEN.

  4. RPTD. OUT OF LCO

  5. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/18/25

  6. FILED WITH LCO

  7. Joint Favorable

  8. PUBLIC HEARING 0228

  9. REF. TO JOINT COMM. ON Aging

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 0 co-sponsors · 187 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (187)

187 members have not signed on to this bill.

Show all 187 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance healthcare
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What is the current status of SB 1332?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1332?
Track SB 1332 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1332

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1332

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →