HER Act

House Bill

H.R. 3749

119th Congress

HER Act

In Committee

Introduced:Jun 5, 2025

Primary Sponsor

Darin LaHood

Representative

Republican

IL-16

Cosponsors

10

Quick Stats

Policy Area

Taxation

Summary

This bill aims to help struggling retail businesses by allowing real estate investment trusts (REITs) to invest more in distressed retail tenants and accept equity as rent. The goal is to provide financial assistance and support to the retail industry.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorDarin LaHood (R-IL)

Introduced6/5/2025

StatusReferred to the House Committee on Energy and Commerce.

ChamberHouse

Data from Congress.gov

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Vote Prediction

HER Act

This bill aims to help struggling retail businesses by allowing real estate investment trusts (REITs) to invest more in distressed retail tenants and accept equity as rent. The goal is to provide financial assistance and support to the retail industry.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to help struggling retail businesses by allowing real estate investment trusts (REITs) to invest more in distressed retail tenants and accept equity as rent. The goal is to provide financial assistance and support to the retail industry.

Bill Number: 3749
Sponsor: Darin LaHood (R-IL)
Introduced: 6/5/2025
Status: Referred to the House Committee on Energy and Commerce.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: HER Act
Bill Number: 3749
Sponsor: Darin LaHood (R-IL)
Status: Referred to the House Committee on Energy and Commerce.
Introduced: 6/5/2025
Summary: This bill aims to help struggling retail businesses by allowing real estate investment trusts (REITs) to invest more in distressed retail tenants and accept equity as rent. The goal is to provide financial assistance and support to the retail industry.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to help struggling retail businesses by allowing real estate investment trusts (REITs) to invest more in distressed retail tenants and accept equity as rent. The goal is to provide financial assistance and support to the retail industry.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Retail Revitalization Act of 2023 This bill amends tax rules for real estate investment trusts (REITs). It increases (1) the share of equity investments a distressed retail tenant may receive from a REIT from 10% to 50%, and (2) the equity share for regular tenants from 10% to 30%. The bill also allows taxable REIT subsidiaries to accept equity in a retail tenant's businesses as a form of rent, subject to certain restrictions.

Key Points

Main provisions of the bill

Increases the amount of equity investments a REIT can make in distressed retail tenants from 10% to 50%
Increases the equity share for regular retail tenants from 10% to 30%
Allows REITs to accept equity in a retail tenant's business as a form of rent

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would directly impact retail businesses and REITs. Struggling retailers could receive more financial support from REITs, which could help them stay afloat. REITs would also have more flexibility in how they structure deals with tenants. Overall, this could provide a lifeline for the retail industry, especially smaller businesses that have been hit hard by the pandemic.