[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2888 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2888

   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.


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                   IN THE SENATE OF THE UNITED STATES

                           November 18, 2019

  Mr. Lankford (for himself and Mr. Peters) introduced the following 
bill; which was read twice and referred to the Committee on Environment 
                            and Public Works

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                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LIMITATION ON DISCOUNTED PURCHASE OPTIONS.

    Section 585 of title 40, United States Code, is amended by adding 
at the end the following:
    ``(d) Any bargain-price option to purchase at less than fair market 
value contained in any lease agreement entered into on or after January 
1, 2019, pursuant to this section may be exercised only to the extent 
specifically provided for in subsequent appropriation Acts or other 
Acts of Congress.''.
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