[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 946 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 946

   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

                             March 24, 2021

  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) Limitation on Discounted Purchase Options.--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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