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H.R. 5580 118th Congress House

Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023

Official title: To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income.

Introduced: November 29, 2023 Introduced by: Claudia Tenney Republican · New York See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2023
Referred to the House Committee on Ways and Means.
Sep 19, 2023
Introduced in House
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 Latest action September 19, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023

This bill excludes from gross income, for income tax purposes, income attributable to certain discharges of commercial or retail indebtedness secured by real property.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 8

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 8 filings →
 Cosponsors 7
All 7 Democratic 4 Republican 2
D
McCollum, Betty
Minnesota · May 15, 2024
 D
Tonko, Paul
New York · Mar 6, 2024
 D
Sewell, Terri A.
Alabama · Nov 29, 2023
 R
LaHood, Darin
Illinois · Nov 14, 2023
Higgins, Brian
· Sep 19, 2023
 R
Lawler, Michael
New York · Sep 19, 2023
 D
Ryan, Patrick
New York · Sep 19, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5580: Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5580/
MLA
"H.R. 5580: Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5580/.
Bluebook (legal)
H.R. 5580, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5580/.
Markdown link
[H.R. 5580: Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023](https://openamerica.io/bill/118-HR-5580/)
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