This bill imposes special requirements on child care centers owned by institutional investment entities, singling them out for additional regulation and scrutiny. CPAC opposes punishing private capital for investing in child care and driving up costs through regulatory discrimination and opposed this bill. The Senate passed this bill on 2025-04-08 by a vote of 16-18. The House passed this bill on 2025-03-05 by a vote of 38-23. The bill did not become law.