Hanif introduces Intro 971 on private equity study, marks Disability Pride Month
Council Member Shahana Hanif introduces Intro 971, requiring DCWP to study the impacts of private equity ownership on workers, consumers, and small businesses across industries including healthcare, dental, veterinary, child care, and hospitality. She also marks Disability Pride Month, celebrating the disability community's leadership and recommitting to accessibility and disability justice.
Thank you, Majority Leader.
Today I'm proud to introduce Intro 971, legislation that takes an important first step toward understanding and addressing the growing impact of private equity on our neighborhoods.
Our small businesses are already struggling with rising rents, higher operating costs, and burdensome regulations.
Now, many are also competing against private equity-backed companies that can undercut local businesses, prioritize profits over quality,
weaken worker protections, and displace the neighborhood institutions that make our communities unique.
Every dollar spent at a local business is an investment in your neighborhood.
Despite the rapid growth of private equity ownership, the city has little data on how these acquisitions are reshaping our communities.
Intro 971 would require the Department of Consumer and Worker Protection to conduct a one-time study
examining the impacts of private equity ownership on workers, consumers, local economies, and small businesses across industries, including health care.
dental care, veterinary services, child care, food and hospitality, fitness, and more.
Finally, July is Disability Pride Month.
As chair of the Committee on Disabilities and Accessibility, I want to celebrate the leadership, joy, and resilience of the disability community and recommit.
To building a city where accessibility, inclusion, and disability justice, disabilities justice are never an afterthought.
Thank you.
Councilmember Hudson, followed by Sanchez.