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[115th Congress Public Law 419]
[From the U.S. Government Publishing Office]

[[Page 132 STAT. 5442]]

Public Law 115-419
115th Congress

                                 An Act

 
   To amend chapter 5 of title 40, United States Code, to improve the 
  management of Federal personal property. <<NOTE: Jan. 3, 2019 -  [S. 
                                3031]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Federal Personal 
Property Management Act of 2018. 40 USC 101 note.>> 
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:
            ``(13) <<NOTE: Guidance. Evaluations.>>  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.''.

[[Page 132 STAT. 5443]]

    (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.''.

    Approved January 3, 2019.

LEGISLATIVE HISTORY--S. 3031:
---------------------------------------------------------------------------

SENATE REPORTS: No. 115-343 (Comm. on Homeland Security and Governmental 
Affairs).
CONGRESSIONAL RECORD, Vol. 164 (2018):
            Dec. 12, considered and passed Senate.
            Dec. 21, considered and passed House.

                                  <all>
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