REAL Reform Act of 2018

[AI summary unavailable — showing source text] Real Estate Assets and Leasing Reform Act of 2018 or REAL Reform Act of 2018 This bill modifies requirements with respect to leases for federal buildings. Specifically, the bill: directs the General Services Administration (GSA) to establish, and operate through 2023, a pilot program to execute lease agreements using alternative procedures; temporarily authorizes the GSA to submit consolidated prospectuses for leases and projects to Congress for approval; requires approval by congressional resolution of an appropriation for any costs and expenses associated with administering an acquisition by exchange involving real property or in-kind consideration valued at or over a specified amount; sets a specified limitation regarding bargain-price purchase options; requires certain public buildings containing a public restroom to also contain a lactation room; authorizes the Department of Commerce to release the federal government's interest in certain economic adjustment grants; and requires the GSA to provide specified additional notice and justification to Congress regarding certain projects. The Government Accountability Office must conduct biennial audits of the GSA Nati…