[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3789 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 3789

To provide for a temporary adjustment to the prospectus thresholds for 
    certain General Services Administration projects, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 5, 2026

   Ms. Ernst introduced the following bill; which was read twice and 
       referred to the Committee on Environment and Public Works

_______________________________________________________________________

                                 A BILL


 
To provide for a temporary adjustment to the prospectus thresholds for 
    certain General Services Administration projects, 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. SHORT TITLE.

    This Act may be cited as the ``Prospectus Modernization Act of 
2026''.

SEC. 2. GSA PROSPECTUS THRESHOLD.

    (a) In General.--Notwithstanding any other provision of law, for 
fiscal years 2026 through 2028, section 3307(a) of title 40, United 
States Code, shall be applied--
            (1) by substituting ``$10,000,000'' for ``$1,500,000'' in 
        each of paragraphs (1) and (2) of that section; and
            (2) by substituting ``$5,000,000'' for ``$750,000'' in 
        paragraph (3) of that section.
    (b) No Adjustment.--For purposes of fiscal years 2026 through 2028, 
section 3307(h) of title 40, United States Code, shall not apply to the 
amounts substituted under subsection (a).
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