A bill to amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

United States116th CongressS-2888Senate
Updated: Nov 18, 2019

Summary

This bill modifies the authority of the General Services Administration to enter into building leases to accommodate federal agencies. Specifically, it allows any bargain-price option to purchase at less than fair market value contained in an agreement entered into on or after January 1, 2019, to be exercised only to the extent specifically provided for in subsequent Acts of Congress.

Bill texts

Available versions
Introduced (Senate)View official text

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Timeline

Latest companion bill action

HR-5137: To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Environment and Public Works.

    Senate

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