[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3031 Enrolled Bill (ENR)]

        S.3031

                     One Hundred Fifteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
           the third day of January, two thousand and eighteen


                                 An Act


 
   To amend chapter 5 of title 40, United States Code, to improve the 
                management of Federal personal property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Federal Personal Property Management 
Act of 2018''.
SEC. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT.
    (a) Inventory Assessing and Identifying Excess Personal Property.--
Section 524(a) of title 40, United States Code, is amended--
        (1) in paragraph (11), by striking ``and'' at the end;
        (2) in paragraph (12), by striking the period at the end and 
    inserting ``; and''; and
        (3) by adding at the end the following:
        ``(13) in accordance with guidance from the Administrator of 
    General Services--
            ``(A) on an annual basis, conduct an inventory and 
        assessment of capitalized personal property to identify excess 
        capitalized personal property under its control, including 
        evaluating--
                ``(i) the age and condition of the personal property;
                ``(ii) the extent to which the executive agency 
            utilizes the personal property;
                ``(iii) the extent to which the mission of the 
            executive agency is dependent on the personal property; and
                ``(iv) any other aspect of the personal property that 
            the Administrator determines is useful or necessary for the 
            executive agency to evaluate; and
            ``(B) on a regular basis, conduct an inventory and 
        assessment of accountable personal property under its control, 
        including evaluating--
                ``(i) the age and condition of the personal property;
                ``(ii) the extent to which the executive agency 
            utilizes the personal property;
                ``(iii) the extent to which the mission of the 
            executive agency is dependent on the personal property; and
                ``(iv) any other aspect of the personal property that 
            the Administrator determines is useful or necessary for the 
            executive agency to evaluate.''.
    (b) Thresholds for Capitalization and Accountability.--Section 
506(a)(1) of title 40, United States Code, is amended by adding at the 
end the following:
            ``(E) Capitalization thresholds.--Establish thresholds for 
        acquisitions of personal property for which executive agencies 
        shall capitalize the personal property.
            ``(F) Accountability thresholds.--Notwithstanding section 
        121(b), for the management and accountability of personal 
        property, establish thresholds for acquisitions of personal 
        property for which executive agencies shall establish and 
        maintain property records in a centralized system.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.