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.
Sponsored By: Representative Pence, Greg [R-IN-6]
Unknown
Summary
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Pence, Greg [R-IN-6]
IN • R
Cosponsors
Rep. Meadows, Mark [R-NC-11]
NC • R
Sponsored 11/18/2019
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov