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Federal Capital Revolving Fund Act of 2021

USA117th CongressS-1926| Senate 
| Updated: 5/27/2021
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Environment and Public Works Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Federal Capital Revolving Fund Act of 2021 This bill establishes the Federal Capital Revolving Fund to support the acquisition of facilities for federal agencies. Specifically, the fund supports facility acquisition projects that cost $250 million or more, including purchase, construction, and lease-purchase options. Agencies must submit requests for funds to specified congressional committees and the General Services Administration, as appropriate; the receipt of funds is also contingent on specific legislative approval and appropriations for repayments. Agencies must make repayments to the fund at least annually for an agreed-upon term, but for no longer than 15 years.
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Timeline
May 27, 2021
Introduced in Senate
May 27, 2021
Read twice and referred to the Committee on Environment and Public Works.
  • May 27, 2021
    Introduced in Senate


  • May 27, 2021
    Read twice and referred to the Committee on Environment and Public Works.

Government Operations and Politics

Government buildings, facilities, and property

Federal Capital Revolving Fund Act of 2021

USA117th CongressS-1926| Senate 
| Updated: 5/27/2021
Federal Capital Revolving Fund Act of 2021 This bill establishes the Federal Capital Revolving Fund to support the acquisition of facilities for federal agencies. Specifically, the fund supports facility acquisition projects that cost $250 million or more, including purchase, construction, and lease-purchase options. Agencies must submit requests for funds to specified congressional committees and the General Services Administration, as appropriate; the receipt of funds is also contingent on specific legislative approval and appropriations for repayments. Agencies must make repayments to the fund at least annually for an agreed-upon term, but for no longer than 15 years.
View Full Text

Suggested Questions

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

Timeline
May 27, 2021
Introduced in Senate
May 27, 2021
Read twice and referred to the Committee on Environment and Public Works.
  • May 27, 2021
    Introduced in Senate


  • May 27, 2021
    Read twice and referred to the Committee on Environment and Public Works.
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Environment and Public Works Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government buildings, facilities, and property