A bill to establish a 10-year moratorium on the construction, alteration, acquisition, or leasing of certain buildings for use by Federal agencies in the greater Washington area.

[AI summary unavailable — showing source text] Prohibits Federal Agencies from building, altering, acquiring, or leasing any building for office or storage space within a 50 mile radius of the Capitol Building between October 1, 1977, and September 30,1987. Makes specified exemptions from the provisions of this Act including: (1) construction, alteration, or acquisition of a building if the cost of such transaction is less than $500,000; (2) leasing a building at an annual rate of less than $25,000; and (3) leasing of a building to the extent that the total aggregate space being leased in the building on October 1, 1977.…