WASHINGTON - Banks would have an easier time clearing their portfolios of illiquid real estate assets under a bill recently introduced in the House.

The bill, sponsored by Rep. Clay Shaw, R-Fla., and Rep. Robert Matsui, D-Calif., would make it more attractive for Real Estate Investment Trusts, or REITs, to buy "distressed" real estate from banks, according to Jeff DeBoer, senior vice president of the National Realty Committee.

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