Leasing and Infrastructure Act of 2025
Sponsored By: Representative Smith (MO)
In Committee
Summary
Would give the Secretary of Veterans Affairs an independent leasing authority to enter leases for major medical facilities and create a Veterans Leasing Fund to finance those leases. It would also impose strict cost-estimate rules, a one-year target to award leases after solicitation, and new reporting and design standards to speed projects.
Show full summary
- Veterans and patients: Would aim to speed delivery of new VA medical space by letting VA lease directly and by setting a one-year target to award a lease after issuing a solicitation.
- Prospective developers and lessors: Would require price estimates that include land costs and would require VA to reimburse competitive-range offerors for delays if a lease is not awarded within one year, at a rate of 1 percent per year of average land acquisition cost.
- VA budgeting and project controls: Would establish a revolving Veterans Leasing Fund to hold appropriations for leases and would require market-based, full life-cycle cost estimates with annual inflation adjustments and notification if projected costs exceed estimates by more than 10 percent.
- Oversight and procurement: Would condition the authority on prospectus approval by House and Senate Veterans’ Affairs Committees with concurrent transmission to the House Committee on Transportation and Infrastructure and the Senate Committee on Environment and Public Works, require consolidated decision memos, revise VA design guides at least every five years, and mandate a streamlined procurement process developed with the Comptroller General and OMB within 180 days.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Faster VA leases and reimbursements
If enacted, the bill would require VA to try to award major medical facility leases within one year of issuing a solicitation. If a lease is not awarded within one year, VA would reimburse each prospective lessor in the competitive range at 1% per year of the average proposed land acquisition cost, paid monthly, until the lease is awarded or the project is canceled. The bill would also let VA include market‑standard lease terms that shift or mitigate developer risk (for example, triple‑net leases or reimbursement for reasonable holding costs) and would require VA guidance on these terms within 180 days.
New VA leasing fund and rules
If enacted, the bill would create a Veterans Leasing Fund in the Treasury to pay for VA major medical facility leases. The Fund would hold amounts Congress appropriates for lease obligations and let VA obligate contract authority for rent, tenant improvements, taxes, operating costs, and pre-award due diligence. The VA Secretary would be able to sign major medical facility leases without GSA delegation after the required congressional prospectus approvals, subject to a firm 20-year term cap and OMB A-11 budget scoring. The bill would also require standardized market-based life-cycle cost estimates with annual updates, a 10% cost overrun notice to Congress within 30 days, consolidated lease decision memos, updated design guides, and a revised procurement process and report within specified deadlines.
Sponsors & CoSponsors
Sponsor
Smith (MO)
MO • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov