This Act requires private funds that own childcare providers to report ownership, sales, and purchases to the SEC and prohibits them from selling interests or receiving dividends from childcare providers for four years. It also mandates a study on private equity's impact on childcare quality, availability, tuition, and staff wages. The Act defines "controls" and "covered private fund" as having over $150,000,000 in assets under management and providing childcare at more than 25 locations through controlled entities. The Act aims to scrutinize private equity's influence on childcare provision and protect the interests of children and childcare employees.