IV 

111TH CONGRESS 

2D SESSION H. RES. 1595 

Recognizing the 50th anniversary of the passage of legislation that created 

real estate investment trusts (REITs) and gave millions of Americans 

new investment opportunities that helped them build a solid foundation 

for retirement security and has contributed to the overall strength of 

our economy. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 30, 2010 

Mr. LEVIN (for himself, Mr. CAMP, Mr. STARK, Mr. HERGER, Mr. LEWIS of 

Georgia, Mr. SAM JOHNSON of Texas, Mr. NEAL of Massachusetts, Mr. 

BRADY of Texas, Mr. TANNER, Mr. CANTOR, Mr. POMEROY, Mr. LINDER, Mr. BLUMENAUER, Mr. TIBERI, Mr. KIND, Mr. DAVIS of Kentucky, 

Mr. PASCRELL, Mr. REICHERT, Ms. BERKLEY, Mr. BOUSTANY, Mr. 

CROWLEY, Mr. HELLER, Mr. VAN HOLLEN, Mr. ROSKAM, Ms. 

SCHWARTZ, Mr. DAVIS of Illinois, and Ms. LINDA T. SA ́NCHEZ of California) submitted the following resolution; which was referred to the 

Committee on Ways and Means 

RESOLUTION 

Recognizing the 50th anniversary of the passage of legislation that created real estate investment trusts (REITs) 

and gave millions of Americans new investment opportunities that helped them build a solid foundation for retirement security and has contributed to the overall 

strength of our economy. 

Whereas, on September 14, 1960, President Dwight D. Eisenhower signed into law tax legislation enabling real estate investment trusts (hereinafter referred to as 


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•HRES 1595 IH 

‘‘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 

1 Resolved, That the United States House of Rep2 resentatives recognizes the 50th anniversary of the pas3 sage of the legislation that created real estate investment 

4 trusts (REITs) and the enhanced opportunities for invest5 ment and retirement security that have been afforded to 


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•HRES 1595 IH 

1 Americans from all walks of life as a result of this land2 mark legislation. 

Æ 


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