Bill > LD1943

This bill establishes a Commission to Study Private Equity Firms in Maine, with a comprehensive mandate to investigate the role and impact of private equity firms in the state's economy. The commission will be composed of 13 members, including state legislators, representatives from state agencies, policy experts, academic professionals, consumer advocacy representatives, and a corporate attorney, who will collectively examine the portion of Maine's economy controlled by private equity, with a specific focus on transparency and investment practices. The commission will investigate private equity's effects on key economic sectors like energy, healthcare, housing, and nursing homes, analyzing market shares, economic impacts, potential revenue losses, and the non-public nature of these firms. For the purposes of this bill, a "private equity firm" is defined as an entity that raises investment capital to purchase, improve, and subsequently sell private companies for profit. The commission is required to consult with sector experts and produce a detailed report with findings and potential legislative recommendations to be submitted to the Joint Standing Committee on Health Coverage, Insurance and Financial Services by December 3, 2025, with the possibility of proposing legislative actions to address the identified impacts of private equity firms on Maine's economic landscape.

Housing and Urban Affairs

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1943&snum=132