Skip to main content
S 2888 116th Congress Senate Government Operations and Politics Government buildings, facilities, and property Public contracts and procurement

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.

Introduced: November 18, 2019 Introduced by: Lankford, James Republican · Oklahoma See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2019
Read twice and referred to the Committee on Environment and Public Works.
Nov 18, 2019
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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.

What's happening now November 18, 2019

Read twice and referred to the Committee on Environment and Public Works.

 Related & companion bills 1
  • HR 5137 Identical bill To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less tha…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Peters, Gary C.
Michigan · Nov 18, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2888: 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.. 116th Congress. Open America. https://openamerica.io/bill/116-S-2888/
MLA
"S. 2888: 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.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2888/.
Bluebook (legal)
S. 2888, 116th Cong. (2026), https://openamerica.io/bill/116-S-2888/.
Markdown link
[S. 2888: 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.](https://openamerica.io/bill/116-S-2888/)
Report a problem