SB 2130 imposes regulations on private equity ownership of veterinary practices in Texas. It creates a state approval process for private equity firms acquiring or investing in veterinary service providers, requiring firms to obtain written approval from the Texas Attorney General before completing transactions. The bill defines "change of control" and establishes financial thresholds triggering regulatory oversight, particularly for acquisitions involving $400,000 or more in annual revenue. It also prohibits private equity firms from controlling or influencing veterinary medical decisions, including setting prices, managing referrals, or negotiating with third parties on behalf of a practice. The bill grants the Attorney General enforcement powers, including the ability to block mergers, impose civil penalties, and unwind illegal transactions. Violations may result in fines up to $30 million, contract invalidation, or criminal charges, including Class A misdemeanors for noncompliance. Additionally, the bill prohibits restrictive non-compete clauses that prevent veterinarians from working elsewhere after leaving a practice owned by a private equity firm​.