The Prospectus Modernization Act of 2026 proposes a temporary increase in the General Services Administration's (GSA) prospectus thresholds for specific projects. This adjustment will be in effect for fiscal years 2026 through 2028 , modifying existing requirements for congressional approval. Specifically, the bill raises the threshold for new construction and alteration projects from $1,500,000 to $10,000,000 , and for lease projects from $750,000 to $5,000,000 . Furthermore, it stipulates that the usual inflation adjustments will not apply to these temporarily increased amounts during the specified fiscal years. The legislation aims to streamline the GSA's project approval process by requiring fewer projects to undergo the full prospectus review during this three-year period.