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119-s-3091119th CongressWALLET

DISPOSAL Act

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

Introduced

Summary

Disposes of six federal buildings in Washington, D.C. The bill would direct the General Services Administrator to sell or ground-lease six named federal buildings, allow long-term ground leases up to 99 years, and manage agency relocations and limited leasebacks.

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  • Federal agencies housed in the listed buildings would face relocation under the Administrator's sole discretion. Agencies could be offered a leaseback for up to 5 years and would get 30 days' notice before any move outside the District of Columbia.
  • Local communities and preservation interests could see faster property sales because disposals are exempted from parts of the National Environmental Policy Act, certain historic preservation rules, and a homelessness assistance provision. The program could add up to 20 additional low‑use buildings per year and some exemptions apply only to buildings over 100,000 square feet or to National Historic Landmarks.
  • Net proceeds would first fund relocation and program costs via the Federal Buildings Fund, and any remaining funds would be deposited into the Treasury general fund to reduce the federal deficit.

*Would reduce the federal deficit by the amount of additional proceeds deposited into the Treasury general fund after covering relocation and program costs.*

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Bill Overview

Analyzed Economic Effects

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

Sell or Lease Six DC Buildings

If enacted, the bill would direct the General Services Administration to sell or ground-lease six named Federal buildings in Washington, DC. Sales must seek fair market value or be ground leases up to 99 years. GSA could add up to 20 more buildings each year after 30 days' notice to two congressional committees; added buildings must be under GSA control and average under 60% used in the prior year. Some environmental, homeless-assistance, and historic-review laws would not apply to disposals; for added buildings, the homelessness exemption applies only if the building is larger than 100,000 square feet, and the historic exemption only if designated a National Historic Landmark. GSA could not sell to foreign persons and would have sole authority to pick new sites for agencies being moved. GSA may include leasebacks up to five years, must give 30 days' notice before publicly announcing relocations outside DC, and may not enter into build-to-suit leases. Net proceeds would first pay relocation costs into the Federal Buildings Fund and any extra would go to the Treasury general fund to reduce the deficit; the authority would end December 31, 2028.

Sponsors & CoSponsors

Sponsor

Ernst, Joni [R-IA]

IA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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