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
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
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Environment and Public Works.
Committees of jurisdiction
1
Cosponsors
1