HR 5137 · 116th Congress · Government Operations and Politics

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 2019-11-18· Sponsored by Rep. Pence, Greg [R-IN-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.(2019-11-19)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican