S. 1616 (112th): Real Estate Investment and Jobs Act of 2011

Introduced:
Sep 22, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Robert “Bob” Menéndez
Senator from New Jersey
Party
Democrat
Text
Read Text »
Last Updated
Sep 22, 2011
Length
8 pages
Related Bills
S. 1181 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jun 18, 2013

H.R. 2989 (Related)
Real Estate Jobs and Investment Act of 2011

Referred to Committee
Last Action: Sep 21, 2011

 
Status

This bill was introduced on September 22, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 22, 2011
Referred to Committee Sep 22, 2011
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to exempt certain stock of real estate investment trusts from the tax on foreign investments in United States real property interests, and for other purposes.

Summary

No summaries available.

Cosponsors
29 cosponsors (17D, 11R, 1I) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/22/2011--Introduced.
Real Estate Investment and Jobs Act of 2011 - Amends the Internal Revenue Code to increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act relating to foreign investment in United States real property interests.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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