    [United States Statutes at Large, Volume 132, 115th Congress, 2nd Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    Public Law 115-438
    115th Congress

    An Act

    To amend the Federal Assets Sale and Transfer Act of 2016 to provide
    flexibility with respect to the leaseback of certain Federal real
    property, 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. LEASEBACK RESTRICTION.

    Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016
    (40 U.S.C. 1303 note; Public Law 114-287) is amended--
    (1) <>  by inserting ``for a period of
    greater than 3 years'' before the period at the end;
    (2) by striking ``None of the'' and inserting the following:
    ``(A) In general.--None of the''; and
    (3) by adding at the end the following:
    ``(B) Requirements.--A leaseback under this
    paragraph--
    ``(i) <>  shall expire
    on or before the last day of the 3-year period
    beginning on the date of the sale of the
    respective property;
    ``(ii) may not contain any options to extend
    or renew the leaseback;
    ``(iii) may only be entered into once for
    purposes of temporarily housing the Federal agency
    in the property at the time of the sale; and
    ``(iv) shall only be for the purpose of
    facilitating the sale of the respective
    property.''.

    Approved January 14, 2019.

    LEGISLATIVE HISTORY--H.R. 7319:
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    CONGRESSIONAL RECORD, Vol. 164 (2018):
    Dec. 21, considered and passed House.
    Dec. 22, considered and passed Senate.