HOUSE 2220117th CongressBecame Public Law No: 117-257.
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.
- Last Action
- 12/21/2022
Actions
- 2022-12-21Became Public Law No: 117-257.
- 2022-12-21Became Public Law No: 117-257.
- 2022-12-21Signed by President.
- 2022-12-21Signed by President.
- 2022-12-16Presented to President.
- 2022-12-16Presented to President.
- 2022-12-01Message on Senate action sent to the House.
- 2022-11-30Passed Senate without amendment by Unanimous Consent. (consideration: CR S6912)
- 2022-11-30Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- 2022-11-30Senate Committee on Environment and Public Works discharged by Unanimous Consent.
- 2022-11-30Senate Committee on Environment and Public Works discharged by Unanimous Consent.
- 2021-11-15Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.
- 2021-11-04Motion to reconsider laid on the table Agreed to without objection.
- 2021-11-04On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363). (text: 11/3/2021 CR H6144)
- 2021-11-04Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363).(text: 11/3/2021 CR H6144)
Showing 15 of 20 actions. Full history on Congress.gov.
CRS Summary
As of 2022-12-21 (49)
This act specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The act applies to lease agreements that are entered into on or after January 1, 2021.
Cosponsors (2)
- Daniel Webster (R-FL)
- Greg Pence (R-IN)
Subjects
- Government buildings, facilities, and property
- Public contracts and procurement
Became law: Pub. L. 117-257
Read on Congress.govSourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.