TX
Texas Senate Bill SB1595

Texas 2025 - 89th Regular

Texas Senate Bill SB1595

Voted on by Senate
 
Out of House Committee
 
Voted on by House
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to required reporting of information on the ownership and control of certain health care entities; providing a civil penalty; authorizing a fee.

Impact

The bill, set to take effect on September 1, 2025, introduces significant reporting requirements for healthcare entities that meet certain financial thresholds, specifically those with total assets and revenue of at least $10 million. This mandate not only includes annual reporting but also requires immediate disclosure any time there is a change in control or significant operational shifts, fostering greater oversight and potentially discouraging entities from engaging in opaque ownership practices. Such changes are intended to promote accountability among healthcare providers while ensuring that relevant data is made publicly accessible.

Summary

Senate Bill 1595 aims to enhance transparency in the ownership and control structures of healthcare entities within Texas. The bill establishes requirements for healthcare providers and organizations to report their operational details to the Secretary of State. This includes disclosures of ownership interests, business addresses, financial reports, and any material changes in control. The goal is to provide regulators and the public with clearer insights into who owns and controls healthcare services, which is particularly significant in light of ongoing healthcare consolidations.

Contention

Despite its aims for increased transparency, SB1595 may face contention regarding the civil penalties imposed on non-compliant entities, which can reach up to $500,000 for more prominent healthcare organizations. Critics might argue that such stringent penalties could disproportionately affect smaller healthcare providers, particularly independent practices with limited resources. Additionally, the requirement to disclose detailed ownership structures raises concerns about privacy and how sensitive financial information might be used or perceived by competitors and the public.

Latest SB1595 Activity

Companion Bills

TX HB4408

Identical Relating to required reporting of information on the ownership and control of certain health care entities; providing a civil penalty; authorizing a fee.

Previously Filed As

TX SB2105

Relating to the registration of and certain other requirements relating to data brokers; providing a civil penalty and authorizing a fee.

TX HB4867

Relating to health care transparency, including advertising, identification, and notice requirements for certain health facilities and health professionals; authorizing administrative and civil penalties.

TX HB4917

Relating to the regulation of third-party data collection entities; providing a civil penalty and authorizing a fee.

TX SB2378

Relating to prohibiting a public entity from providing financial assistance for abortion or abortion-related services; providing civil penalties.

TX HB5249

Relating to prohibiting a public entity from providing financial assistance for abortion or abortion-related services; providing civil penalties.

TX HB2324

Relating to the regulation of certain health professionals and health facilities; providing civil and administrative penalties; creating a criminal offense.

TX HB319

Relating to protection of persons from participation in a health care service for reasons of conscience; providing a civil remedy; authorizing disciplinary action.

TX SB820

Relating to the registration of vision support organizations; imposing a fee; requiring an occupational registration; providing a civil penalty.

TX SB2199

Relating to protection of individuals from participation in a health care service for reasons of conscience; providing a civil remedy; authorizing disciplinary action.

TX HB4146

Relating to the regulation of health care employment agencies; authorizing a fee; providing an administrative penalty.

Similar Bills

US HB2271

Change of Ownership and Conversion Improvement Act

US HB7144

Change of Ownership and Conversion Improvement Act

TX HB4408

Relating to required reporting of information on the ownership and control of certain health care entities; providing a civil penalty; authorizing a fee.

WY HB0069

Foreign adversary ownership or control of business entities.

TX SB748

Relating to business entities and associations.

TX HB1873

Relating to business entities and associations.

NC H250

Annual Rep't Due Date/Deployed Servicemembers

LA SB270

Authorizes the secretary of the Department of Revenue's authority to add back certain deductible expenses of corporations subject to Louisiana income or franchise tax which have either corporate gross revenues everywhere of $8 billion or $8 million of assets everywhere in order to calculate the corporation's income. (gov sig) (OR INCREASE GF RV See Note)