This legislation directs the Administrator of General Services to provide an annual report to specific Congressional committees regarding the state of the Public Building Service's real estate portfolio. This report, due by January 31st each year, will cover the previous calendar year's activities and status. The required contents of the report are extensive, encompassing details such as the number of leases signed and terminated , total leased and occupied square footage, and the amount of vacant leased space . It also mandates reporting on the number of buildings owned, major construction projects, and key financial indicators like space utilization and deferred maintenance liabilities. Furthermore, the report must specify any federal buildings disposed of and outline plans for relocating federal agencies from properties slated for disposal or non-renewal, including funding mechanisms and whether the relocation was agency-requested.