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

<DOC>





                                                 Union Calendar No. 116
117th CONGRESS
  1st Session
                                H. R. 2220

                          [Report No. 117-159]

   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.


_______________________________________________________________________


                    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

                            November 1, 2021

   Reported from the Committee on Transportation and Infrastructure; 
committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed


_______________________________________________________________________

                                 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.''.
                                                 Union Calendar No. 116

117th CONGRESS

  1st Session

                               H. R. 2220

                          [Report No. 117-159]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                            November 1, 2021

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed