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

24 March 2021

Last action

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Status

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

Summary

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.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 24 March 2021
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Introduced in Senate (PDF)
Introduced in Senate · EN · 24 March 2021
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Introduced in Senate
summary · EN · 24 March 2021
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Sources

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Official source: https://www.congress.gov/bill/117th-congress/senate-bill/946
Open data entity: https://api.congress.gov/v3/bill/117/s/946