HB 25-1011: Private Equity Acquisition of Child Care Centers

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

The bill requires a child care center owned by an institutional investment entity to meet the following requirements: in order to receive state funding: The child care center may only charge a wait list fee of no more than $25; and The child care center shall post and update accurate child care pricing on the child care center's website; The bill allows the department to take disciplinary action against a child care center if the child care center does not comply with posting its pricing online. The bill requires an institutional investment entity to meet the following requirements: in order to receive state funding: Allow a child care center to maintain ownership of the property used to operate the child care center; and Upon acquisition of a child care center, provide Provide at least a 60-day notice to all child care center employees and families with children enrolled at the child care center if the institutional investment entity intends to lay off child care center employees or change enrollment or eligibility requirements for the child care center. The requirements of the bill apply only to institutional investment entities that own 5 or more child care centers and to child care centers that are owned by an institutional investment entity that owns 5 or more child care centers. The bills allows the department to require an institutional investment entity to annually submit information about the institutional investment entity's financial condition. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Sponsors

Sponsors by party (alphabetical): Democratic 13

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 8, 2025Senate Third Reading Lost - No Amendments
2. April 7, 2025Senate Second Reading Passed - No Amendments
3. April 4, 2025Senate Second Reading Laid Over to 04/07/2025 - No Amendments
4. April 1, 2025Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole
5. March 10, 2025Introduced In Senate - Assigned to Business, Labor, & Technology
6. March 5, 2025House Third Reading Passed - No Amendments
7. March 4, 2025House Second Reading Special Order - Passed with Amendments - Committee, Floor
8. February 28, 2025House Committee on Appropriations Refer Unamended to House Committee of the Whole
9. February 18, 2025House Committee on Health & Human Services Refer Amended to Appropriations
10. January 8, 2025Introduced In House - Assigned to Health & Human Services