H.R. 5137 · 116th Congress

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.

Stage
In committee
Sponsor
Greg Pence
Introduced
2019-11-18
Latest action
2019-11-19 · Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

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.