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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.

USA117th CongressS-946| Senate 
| Updated: 3/24/2021
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 specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.
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Timeline

Bill from Previous Congress

S 116-2888
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.
Mar 24, 2021
Introduced in Senate
Mar 24, 2021
Read twice and referred to the Committee on Environment and Public Works.
Dec 21, 2022

Latest Companion Bill Action

HR 117-2220
Signed by President.
  • Bill from Previous Congress

    S 116-2888
    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.


  • March 24, 2021
    Introduced in Senate


  • March 24, 2021
    Read twice and referred to the Committee on Environment and Public Works.


  • December 21, 2022

    Latest Companion Bill Action

    HR 117-2220
    Signed by President.

Government Operations and Politics

Related Bills

  • HR 117-2220: 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.

USA117th CongressS-946| Senate 
| Updated: 3/24/2021
This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-2888
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.
Mar 24, 2021
Introduced in Senate
Mar 24, 2021
Read twice and referred to the Committee on Environment and Public Works.
Dec 21, 2022

Latest Companion Bill Action

HR 117-2220
Signed by President.
  • Bill from Previous Congress

    S 116-2888
    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.


  • March 24, 2021
    Introduced in Senate


  • March 24, 2021
    Read twice and referred to the Committee on Environment and Public Works.


  • December 21, 2022

    Latest Companion Bill Action

    HR 117-2220
    Signed by President.
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 117-2220: 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