Bills · S 2989
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2989Taxation
Stop MPT Act
INTRO OCT 8· LAST ACTION OCT 8
READING
6MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it tries to address concerns that certain financial arrangements, particularly those involving Real Estate Investment Trusts (REITs), can financially strain healthcare providers, potentially leading to reduced quality of care or even facility closures. If this bill becomes law, it would introduce a new layer of federal oversight for real estate deals involving healthcare facilities, aiming to safeguard their financial stability and, by extension, the public's access to care. Without this bill, healthcare facilities might continue to enter into sales or lease agreements with REITs that critics argue could prioritize profit for investors over the long-term health of the healthcare provider. The core intent of Section 2 is to prevent deals that could weaken healthcare providers, which could impact the availability and quality of local healthcare services for many Americans. While the bill also includes tax changes for REITs that might seem to have a different impact, the primary focus of the bill's title and its main prohibitory section is on preventing financial instability in healthcare through real estate deals.
KEY PROVISIONS
4AI-extractedPROVISION 01
Prohibits healthcare entities or their owning firms from selling or leasing property to Real Estate Investment Trusts (REITs) if the terms of the deal would financially weaken the entity or put public health at risk.
This is the central protective measure, aimed at preventing financial arrangements that could harm healthcare providers and patient care.
PROVISION 02
Requires the Secretary of Health and Human Services (HHS) to review the terms of such sales or leases to determine if they pose risks to the healthcare entity's financial status or public health.
This establishes a gatekeeper mechanism to evaluate and block potentially problematic real estate deals involving healthcare facilities.
PROVISION 03
Grants states primary enforcement authority for these prohibitions, with HHS able to step in and enforce the rules directly if a state fails to do so, including applying civil monetary penalties up to $10,000 per violation.
This provides the necessary enforcement power to ensure compliance with the new restrictions on healthcare real estate transactions.
PROVISION 04
Amends the Internal Revenue Code to modify how "rents from real property" are defined for Real Estate Investment Trusts (REITs) regarding income from qualified health care property.
This tax change could influence how REITs structure their investments and manage income from healthcare properties to maintain their tax status.
SPONSORSHIP
1 + 2
D· Massachusetts
YRS IN OFFICE
51
BILLS LED
164
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 1
ACTION TIMELINE
2 EVENTSOCT 8
Introduced in Senate
OCT 8
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 2989
Congress119th
StatusIn Committee
IntroducedOct 8, 2025
Last actionOct 8, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED OCT 8, 2025
Senate BillS 2989Taxation
Stop MPT Act
INTRODUCED OCT 8, 2025· LAST ACTION OCT 8, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
2
COMPLEXITY
Moderate
