119-s-2173119th CongressWALLET

For Sale Act of 2025

Sponsored By: Senator Ernst, Joni [R-IA]

Introduced

Summary

Sell six underused federal buildings in Washington, D.C.

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This bill would require agencies to vacate those buildings on a set timeline, ban sales to foreign owners, and route net proceeds first to the Federal Buildings Fund and then to the Treasury general fund.

  • Agencies and staff: Agencies located in the named buildings would have to move within 18 months and the buildings must be sold within 2 years. Agencies could not acquire other properties as part of the consolidation.
  • Buyers and ownership: Sales must be at fair market value and cannot be made to foreign persons or foreign-owned entities as defined in the bill.
  • Proceeds and spending rules: Net proceeds would first cover implementation costs deposited into the Federal Buildings Fund. Any remaining amounts would be deposited into the Treasury general fund to reduce the federal deficit, and amounts in the Fund could be spent only after a future specific appropriation.

*Would channel sale proceeds to the Treasury and therefore would reduce the federal deficit to the extent of the proceeds.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Sale of six federal DC buildings

This bill would require agencies in six named Washington, DC federal buildings to move out within 18 months. The General Services Administration would have to sell those six buildings for fair market value and highest and best use within 2 years after vacancy. The buildings named are the Department of Agriculture South Building; the Hubert H. Humphrey Federal Building; the Frances Perkins Federal Building; the James V. Forrestal Building; the Theodore Roosevelt Federal Building; and the Robert C. Weaver Federal Building. The GSA would be barred from selling these buildings to a foreign person, foreign entity, or any entity with a foreign beneficial owner using the Secure Federal LEASEs Act definitions. Sales covered by the bill would be exempt from NEPA, historic-preservation review, McKinney-Vento section 501, and certain Title 40 procedures. Net sale proceeds would first pay amounts the Administrator deems needed and go into the Federal Buildings Fund. Any remaining net proceeds would go into the Treasury general fund to reduce the federal deficit. Money put into the Federal Buildings Fund could be spent only after a specific future appropriation by Congress. The GSA and other agencies would not be allowed to buy or lease other buildings as part of these closings.

Sponsors & CoSponsors

Sponsor

Ernst, Joni [R-IA]

IA • R

Cosponsors

  • Sen. Lankford, James [R-OK]

    OK • R

    Sponsored 7/8/2025

Roll Call Votes

No roll call votes available for this bill.

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