US SB2888 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on November 18 2019 - 25% progression, died in committee
Action: 2019-11-18 - Read twice and referred to the Committee on Environment and Public Works.
Pending: Senate Environment And Public Works Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 18 2019 - 25% progression, died in committee
Action: 2019-11-18 - Read twice and referred to the Committee on Environment and Public Works.
Pending: Senate Environment And Public Works Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
A bill 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.
Sponsors
| Sen. James Lankford [R-OK] | Sen. Gary Peters [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-18 | Senate | Read twice and referred to the Committee on Environment and Public Works. |
Same As/Similar To
HB5137 (Same As) 2019-11-19 - Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Subjects
Government buildings, facilities, and property
Government operations and politics
Public contracts and procurement
Government operations and politics
Public contracts and procurement
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2888/all-info |
| Text | https://www.congress.gov/116/bills/s2888/BILLS-116s2888is.pdf |
