# 119-hr-4115: Saving Our MALLS Act

119-hr-4115, Saving Our MALLS Act, is a 119th Congress bill sponsored by Rep. Tenney, Claudia [R-NY-24] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4115
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4115
- Congress: 119
- Title: Saving Our MALLS Act
- Status: introduced
- Introduced: 2025-06-24
- Sponsor: Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Exclude certain discharged commercial and retail real estate debt from gross income.** The Saving Our MALLS Act would create a new tax exclusion for qualifying forgiven debt on commercial or retail property to ease tax burdens when business mortgages are canceled. - Owners of commercial and retail real estate would not have to count forgiven loans as taxable income if the debt was taken out before March 1, 2023 and the discharge happens between December 31, 2023 and January 1, 2028. This applies only to debts secured by the specified real property. - Businesses that use property in a trade or business would get relief when qualifying secured debt is forgiven. The exclusion covers debt secured directly or indirectly by that business property and excludes property types listed in existing tax code sections 168(b)(3)(B) and 144(c)(6)(B). - Tax administration would change. The bill adds a new definition of “qualified commercial or retail indebtedness” to Section 108 and updates cross references so the new exclusion works with existing discharge-of-indebtedness rules and tax attribute reductions.

## Cosponsors (3)

- Rep. Tonko, Paul [D-NY-20] (D-NY), 2025-06-24T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-06-24T00:00:00.000Z
- Rep. Ryan, Patrick [D-NY-18] (D-NY), 2025-06-24T00:00:00.000Z

## Provisions PRIA read

- Tax break for commercial property debt: benefit, high. If enacted, this bill would let owners exclude certain forgiven commercial or retail debt from taxable income. The debt must have been taken out before March 1, 2023 and forgiven between Dec 31, 2023 and Jan 1, 2028. The debt must have been secured (directly or indirectly) by real property used in…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-1065: Protect Our Letter Carriers Act of 2025
- 119-hr-1410: 9/11 Responder and Survivor Health Funding Correction Act of 2025
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act

## Sources
- [119-hr-4115 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4115)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-1065: Protect Our Letter Carriers Act of 2025](https://policyrisk.com/legislation/119-hr-1065)
- [119-hr-1410: 9/11 Responder and Survivor Health Funding Correction Act of 2025](https://policyrisk.com/legislation/119-hr-1410)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4115 (as of 2026-04-21).