Before FIRPTA became law, the U.S. had no way to tax foreigners on these profits. Now, FIRPTA requires withholding from a foreigner's rental income as well as withholding from a foreigner's gains (or losses) upon disposal of U.S. real estate.
Without urgent and aggressive action, more patients will be thrust back to a time when simple infections can be deadly. And, the loss of effective antibiotics will undermine treatment of infectious complications in patients with other diseases.
There have been no successful discoveries of new classes of antibiotics since 1987. Meanwhile, the Centers for Disease Control and Prevention recently warned the public of a four-fold increase in one group of "nightmare bacteria."