IB 

Union Calendar No. 359 

117TH CONGRESS 

2D SESSION H. R. 1468 

[Report No. 117–462] 

To amend title 40, United States Code, to eliminate the leasing authority 

of the Securities and Exchange Commission, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 1, 2021 

Ms. NORTON introduced the following bill; which was referred to the 

Committee on Transportation and Infrastructure 

SEPTEMBER 13, 2022 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on March 1, 2021] 


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•HR 1468 RH

A BILL 

To amend title 40, United States Code, to eliminate the 

leasing authority of the Securities and Exchange Commission, and for other purposes. 


kjohnson on DSK79L0C42PROD with BILLS
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•HR 1468 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Securities and Exchange 

5 Commission Real Estate Leasing Authority Revocation 

6 Act’’. 

7 SEC. 2. LEASING OF SPACE FOR SECURITIES AND EX8 CHANGE COMMISSION. 

9 (a) IN GENERAL.—Section 3304 of title 40, United 

10 States Code, is amended by adding at the end the following: 

11 ‘‘(e) LEASING OF SPACE FOR SECURITIES AND EX12 CHANGE COMMISSION.—Notwithstanding any other provi13 sion of law, on and after the date of enactment of this sub14 section, the Securities and Exchange Commission may not 

15 lease general purpose office space. The Administrator may 

16 lease such space for the Securities and Exchange Commis17 sion under section 585 and this chapter.’’. 

18 (b) LIMITATION ON STATUTORY CONSTRUCTION.—The 

19 amendment made by subsection (a) may not be construed 

20 to invalidate or otherwise affect a lease entered into by the 

21 Securities and Exchange Commission before the date of en22 actment of this Act. 

23 SEC. 3. INDEPENDENT LEASING AUTHORITIES. 

24 (a) IN GENERAL.—The Comptroller General of the 

25 United States shall submit to the Committee on TransporVerDate Sep 11 2014 23:52 Sep 13, 2022 Jkt 029200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6203 E:\BILLS\H1468.RH H1468

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•HR 1468 RH

1 tation and Infrastructure of the House of Representatives, 

2 the Committee on Environment and Public Works of the 

3 Senate, and the Committee on Homeland Security and Gov4 ernmental Affairs of the Senate a report on the review de5 scribed in subsection (b). 

6 (b) REVIEW.—The Comptroller General shall complete 

7 a review under which the Comptroller General shall update 

8 the 2016 report of the Comptroller General (GAO–16–648) 

9 with a specific focus on the following: 

10 (1) Updating the information included in Ap11 pendix II: Federal Entities That Reported Having 

12 Independent Leasing Authority for Domestic Offices 

13 and Warehouses of such report. 

14 (2) Determining to what extent Federal entities 

15 with independent leasing authorities have had such 

16 authorities rescinded or amended and the number and 

17 amount of office and warehouse space such entities 

18 lease. 

19 (3) Determining to what extent have agencies 

20 with independent leasing authority utilized the Gen21 eral Services Administration for leasing, including 

22 utilization of delegation of authority. 

23 (4) Identifying progress made on implementing 

24 the recommendations in such report. 


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kjohnson on DSK79L0C42PROD with BILLS
Union Calendar No. 359 

117TH CONGRESS 

2D SESSION H. R. 1468 

[Report No. 117–462] 

A BILL 

To amend title 40, United States Code, to eliminate 

change Commission, and for other purposes. the leasing authority of the Securities and ExSEPTEMBER 13, 2022 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


kjohnson on DSK79L0C42PROD with BILLS