US SB2989

Prohibits health care entities and their parent companies from selling property to or leasing property from real estate investment trusts (REITs) if the transaction would weaken the entity's long-term financial status or put public health at risk

Requires the Secretary of Health and Human Services to review all proposed sale or lease terms before agreements can proceed, with authority to consult state attorneys general during review

Establishes civil monetary penalties up to $10,000 per violation, with enforcement authority given to both states and HHS (federal enforcement applies when states fail to act)

Amends the Internal Revenue Code to exclude rent from "qualified health care property" from counting as qualifying REIT income, effectively removing tax advantages for REIT ownership of health care facilities

Covers a broad range of health care providers including hospitals, physician practices, skilled nursing facilities, hospices, mental health providers, opioid treatment programs, and Medicare-enrolled providers and suppliers