Securities and Exchange Commission Real Estate Leasing Authority Revocation Act
Sponsored By: Representative Norton, Eleanor Holmes [D-DC-At Large]
Passed House
Summary
Centralizes leasing for the Securities and Exchange Commission under the General Services Administration. This bill would bar the SEC from entering new general-purpose office leases and require a GAO update on independent federal leasing authorities.
Show full summary
- SEC employees and offices: The SEC would no longer sign new general-purpose office leases. Existing leases the SEC signed before enactment are preserved.
- General Services Administration: GSA would take responsibility for leasing office space for the SEC using its existing leasing authorities.
- Congress and oversight: The Government Accountability Office must update its 2016 report on independent leasing authorities and report findings to specified House and Senate committees, including who still holds leasing authority and how agencies use GSA.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SEC would lose office leasing power
If enacted, the SEC would no longer be allowed to sign new leases for general office space. Starting on the date of enactment, the General Services Administration would lease offices for the SEC instead. Any SEC leases signed before enactment would stay in place.
Sponsors & CoSponsors
Sponsor
Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov