Regulates private equity in child care by requiring reporting and compliance measures for child care providers.

The bill regulates private equity in child care by requiring certain child care providers to report specific information to the Office of Children and Family Services. It establishes additional reporting requirements for providers participating in the New York state child care assistance program or receiving public funding, and for those with significant equity investors. The bill also sets conditions on the use of public funds by these providers, including prohibiting the use of funds for certain compensation and investments.

Regulates private equity in child care by requiring reporting and compliance measures for child care providers.

The bill regulates private equity in child care by requiring certain child care providers to report specific information to the Office of Children and Family Services. It establishes additional reporting requirements for providers participating in the New York state child care assistance program or receiving public funding, and for those with significant equity investors. The bill also sets conditions on the use of public funds by these providers, including prohibiting the use of funds for certain compensation and investments.