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United States · Bill · S

S. 2888 (116th)

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.

referredUnited States· United States Congress· EN

Introduced

18 November 2019

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

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.

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Versions

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Documents

3 official files

Introduced in Senate (text)

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Sources

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