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S 1926 117th Congress Senate Government Operations and Politics Government buildings, facilities, and property

Federal Capital Revolving Fund Act of 2021

Introduced: May 27, 2021 Introduced by: Van Hollen, Chris Democratic · Maryland See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 27, 2021
Read twice and referred to the Committee on Environment and Public Works.
May 27, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Federal Capital Revolving Fund Act of 2021

This bill establishes the Federal Capital Revolving Fund to support the acquisition of facilities for federal agencies.

Specifically, the fund supports facility acquisition projects that cost $250 million or more, including purchase, construction, and lease-purchase options. Agencies must submit requests for funds to specified congressional committees and the General Services Administration, as appropriate; the receipt of funds is also contingent on specific legislative approval and appropriations for repayments. Agencies must make repayments to the fund at least annually for an agreed-upon term, but for no longer than 15 years.

What's happening now May 27, 2021

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

 Committees of jurisdiction 1