Press Releases
Senator Lee Introduces 1031 Exchange Improvement Act
Feb 18, 2022
Sen. Mike Lee (R-UT) introduced the 1031 Exchange Improvement Act which would eliminate the current 45-day requirement to identify 1031 exchange properties. 1031 exchanges allow taxpayers to roll earnings from real estate sales into near-term future investment properties while deferring the capital gain tax burden until the eventual sale of the ultimate property. The Internal Revenue Service had extended the 45-day period to 120 days during the COVID-19 pandemic.
Sen. Mike Lee remarks on the passing of Walter Estes Dellinger III
Feb 18, 2022
Walter Dellinger was a scholar, a friend, and a lawyer’s lawyer.
In every conversation I have ever had with him, Walter has offered encouragement, kind words, and sound advice. And although he and I had very different political views, that didn’t matter to him; friendship easily overcame politics for Walter.
I’m grateful to have known Walter Dellinger, and mourn his loss.
My thoughts and prayers are with his family.
Additional Senators Join Mike Lee to Defund Vaccine Mandates
Feb 17, 2022
Sen. Mike Lee (R-UT) and other Senators distributed a letter to colleagues on February 14, 2022 stating they will not grant consent to expedite passage of a Continuing Resolution without a roll call vote on an amendment that defunds the enforcement of the remaining federal vaccine mandates. Due to tight distribution turnaround, many Senators were unable to review the letter before initial release. Since then, Sen. James Lankford (OK) and Sen. James Risch (ID) have also joined the effort.
Senate Passes Legislation Establishing Internment Camp Historic Site
Feb 15, 2022
Sen. Mike Lee (R-UT) and Sen. Michael Bennet (D-CO) reached agreement on establishing the Amache Internment Camp site in Granada, Colorado as a national historic site. While both Senators had sought to commemorate the horrors of Japanese internment, they haddifferent approaches After debate on the Senate floor, the members agreed to a compromise solution.
