[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2220 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 2220

   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 HOUSE OF REPRESENTATIVES

                             March 26, 2021

    Mr. Guest (for himself, Mr. Webster of Florida, and Mr. Pence) 
 introduced the following bill; which was referred to the Committee on 
                   Transportation and Infrastructure

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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, 2021, 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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