[Congressional Record Volume 164, Number 196 (Wednesday, December 12, 2018)]
[Senate]
[Pages S7525-S7526]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            FEDERAL PERSONAL PROPERTY MANAGEMENT ACT OF 2018

  Mr. GARDNER. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of Calendar No. 621, S. 3031.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The senior assistant legislative clerk read as follows:

       A bill (S. 3031) to amend chapter 5 of title 40, United 
     States Code, to improve the management of Federal personal 
     property.

  There being no objection, the Senate proceeded to consider the bill, 
which had been reported from the Committee on Homeland Security and 
Governmental Affairs.
  Mr. GARDNER. I ask unanimous consent that the bill be considered read 
a third time and passed and that the motion to reconsider be considered 
made and laid upon the table.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 3031) was ordered to be engrossed for a third reading, 
was read the third time, and passed, as follows:

                                S. 3031

       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 ``Federal Personal Property 
     Management Act of 2018''.

     SEC. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT.

       (a) Inventory Assessing and Identifying Excess Personal 
     Property.--Section 524(a) of title 40, United States Code, is 
     amended--
       (1) in paragraph (11), by striking ``and'' at the end;
       (2) in paragraph (12), by striking the period at the end 
     and inserting ``; and''; and
       (3) by adding at the end the following:

[[Page S7526]]

       ``(13) in accordance with guidance from the Administrator 
     of General Services--
       ``(A) on an annual basis, conduct an inventory and 
     assessment of capitalized personal property to identify 
     excess capitalized personal property under its control, 
     including evaluating--
       ``(i) the age and condition of the personal property;
       ``(ii) the extent to which the executive agency utilizes 
     the personal property;
       ``(iii) the extent to which the mission of the executive 
     agency is dependent on the personal property; and
       ``(iv) any other aspect of the personal property that the 
     Administrator determines is useful or necessary for the 
     executive agency to evaluate; and
       ``(B) on a regular basis, conduct an inventory and 
     assessment of accountable personal property under its 
     control, including evaluating--
       ``(i) the age and condition of the personal property;
       ``(ii) the extent to which the executive agency utilizes 
     the personal property;
       ``(iii) the extent to which the mission of the executive 
     agency is dependent on the personal property; and
       ``(iv) any other aspect of the personal property that the 
     Administrator determines is useful or necessary for the 
     executive agency to evaluate.''.
       (b) Thresholds for Capitalization and Accountability.--
     Section 506(a)(1) of title 40, United States Code, is amended 
     by adding at the end the following:
       ``(E) Capitalization thresholds.--Establish thresholds for 
     acquisitions of personal property for which executive 
     agencies shall capitalize the personal property.
       ``(F) Accountability thresholds.--Notwithstanding section 
     121(b), for the management and accountability of personal 
     property, establish thresholds for acquisitions of personal 
     property for which executive agencies shall establish and 
     maintain property records in a centralized system.''.

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