Text: H.Res.1595 — 111th Congress (2009-2010)

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Engrossed in House (09/15/2010)


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[Congressional Bills 111th Congress]
[From the U.S. Government Printing Office]
[H. Res. 1595 Engrossed in House (EH)]

H. Res. 1595

                In the House of Representatives, U. S.,

                                                    September 15, 2010.
Whereas, on September 14, 1960, President Dwight D. Eisenhower signed into law 
        tax legislation enabling real estate investment trusts (hereinafter 
        referred to as ``REITs'') to be established throughout the United States 
        under regulations set by the Federal Government;
Whereas the passage of this legislation enabled REITs to provide all investors 
        with the same opportunity to invest in large-scale commercial real 
        estate that previously was open only to large financial institutions and 
        wealthy individuals through direct investment in such real estate;
Whereas REITs have placed within the reach of the average American investor 
        large-scale commercial real estate investment through publicly traded, 
        regulated securities, which provide investors with transparency and 
        liquidity;
Whereas REITs, by expanding the opportunity to invest in commercial real estate, 
        a separate and distinct asset class important to the creation of 
        balanced investment portfolios, have enabled millions of Americans to 
        gain the benefits of dividend-based income, portfolio diversification 
        and improved overall investment performance;
Whereas REITs have helped millions of Americans successfully invest for their 
        retirement security over the past half-century; and
Whereas September 14, 2010, will mark the 50th anniversary of the legislation 
        that created this REIT investment opportunity: Now, therefore, be it
    Resolved, That the United States House of Representatives recognizes the 
50th anniversary of the passage of the legislation that created real estate 
investment trusts (REITs) and the enhanced opportunities for investment and 
retirement security that have been afforded to Americans from all walks of life 
as a result of this landmark legislation.
            Attest:

                                                                          Clerk.