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.

3.0.0 5137 2022-10-28T02:00:29Z 2022-10-28T02:00:29Z House HR 2019-11-18 116 [Congressional Record Volume 165, Number 184 (Monday, November 18, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PENCE:H.R. 5137.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the United StatesConstitution which grants Congress the authority to make allLaws which shall be necessary and proper for carrying intoExecution the foregoing Powers, and all other Powers vestedby this Constitution in the Government of the United States,or in any Department or Officer thereof.[Page H8959]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2019-11-19T14:41:04Z Referred to 2019-11-18T17:02:10Z 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. 116 2888 S 2019-11-18 Read twice and referred to the Committee on Environment and Public Works. Identical bill CRS 2019-11-19 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. Committee 2019-11-18 Referred to the House Committee on Transportation and Infrastructure. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2019-11-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-18 Introduced in House IntroReferral 1000 9 Library of Congress P000615 Rep. Pence, Greg [R-IN-6] Greg Pence R IN 6 N M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2019-11-18 True Government Operations and Politics Government buildings, facilities, and property Public contracts and procurement Government Operations and Politics

00 2019-11-18 Introduced in House 2020-02-13T19:20:33Z 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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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. Display Title 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. Official Title as Introduced 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 in House IH Introduced in House 2019-11-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5137ih/xml/BILLS-116hr5137ih.xml 2019-11-19 Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.