Skip to main content
S 946 117th 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: March 24, 2021 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 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 24, 2021
Read twice and referred to the Committee on Environment and Public Works.
Mar 24, 2021
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 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 bill applies to lease agreements that are entered into on or after January 1, 2021.

What's happening now March 24, 2021

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

 Related & companion bills 1
  • HR 2220 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 · Mar 24, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 946: 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.. 117th Congress. Open America. https://openamerica.io/bill/117-S-946/
MLA
"S. 946: 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.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-946/.
Bluebook (legal)
S. 946, 117th Cong. (2026), https://openamerica.io/bill/117-S-946/.
Markdown link
[S. 946: 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/117-S-946/)
Report a problem