Sec. 3. Prohibited acts by investment companies with respect to health care

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Section 12 of the Investment Company Act of 1940 ( 15 U.S.C. 80a–12 ) is amended by adding at the end the following: In this subsection, the term health care entity has the meaning given the term in section 3401 of the Public Health Service Act. It shall be unlawful for any registered investment company to engage in any act, practice, or course of business that would strip an asset from a health care entity or otherwise undermine the quality or safety of, or access to, health care.

The Commission, in consultation with the Secretary of Health and Human Services, shall, for the purposes of this subsection, by rules and regulations define, and prescribe means reasonably designed to prevent, actions, practices, and courses of business described in paragraph (2). .

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15 USC 80a–12

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Sec. 3

Prohibited acts by investment companies with respect to health care

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