Legis Daily

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.

USA116th CongressS-2888| Senate 
| Updated: 11/18/2019
James Lankford

James Lankford

Republican Senator

Oklahoma

Cosponsors (1)
Gary C. Peters (Democratic)

Environment and Public Works Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 18, 2019
Introduced in Senate
Nov 18, 2019
Read twice and referred to the Committee on Environment and Public Works.
Nov 19, 2019

Latest Companion Bill Action

HR 116-5137
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
  • November 18, 2019
    Introduced in Senate


  • November 18, 2019
    Read twice and referred to the Committee on Environment and Public Works.


  • November 19, 2019

    Latest Companion Bill Action

    HR 116-5137
    Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Government Operations and Politics

Related Bills

  • HR 116-5137: 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.
Government buildings, facilities, and propertyPublic contracts and procurement

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.

USA116th CongressS-2888| Senate 
| Updated: 11/18/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 18, 2019
Introduced in Senate
Nov 18, 2019
Read twice and referred to the Committee on Environment and Public Works.
Nov 19, 2019

Latest Companion Bill Action

HR 116-5137
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
  • November 18, 2019
    Introduced in Senate


  • November 18, 2019
    Read twice and referred to the Committee on Environment and Public Works.


  • November 19, 2019

    Latest Companion Bill Action

    HR 116-5137
    Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
James Lankford

James Lankford

Republican Senator

Oklahoma

Cosponsors (1)
Gary C. Peters (Democratic)

Environment and Public Works Committee

Government Operations and Politics

Related Bills

  • HR 116-5137: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government buildings, facilities, and propertyPublic contracts and procurement