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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5548 Introduced in House (IH)]

<DOC>

114th CONGRESS
  2d Session
                                H. R. 5548

 To authorize the Secretary of Veterans Affairs to sell Pershing Hall.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2016

 Mr. Coffman (for himself, Mr. Perlmutter, and Ms. Kuster) introduced 
 the following bill; which was referred to the Committee on Veterans' 
                                Affairs

_______________________________________________________________________

                                 A BILL

 
 To authorize the Secretary of Veterans Affairs to sell Pershing Hall.

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

SECTION 1. AUTHORIZATION OF SALE OF PERSHING HALL.

    Section 403 of the Veterans' Benefits Programs Improvement Act of 
1991 (Public Law 102-86; 38 U.S.C. 2400 note) is amended by adding at 
the end the following new subsection:
    ``(f) Authorization of Sale.--(1) The Secretary may sell for fair 
market value Pershing Hall and transfer and convey to the purchaser all 
right, title, and interest of the United States in or to such property. 
The Secretary shall determine fair market value based on an independent 
assessment conducted by another department or agency of the Federal 
Government or a nongovernmental entity. The Secretary may only accept 
money as consideration for such sale.
    ``(2) If the Secretary sells Pershing Hall pursuant to paragraph 
(1), the Secretary shall return to the entity from which the United 
States acquired Pershing Hall pursuant to the Act of June 28, 1935 
(Chapter 323; 49 Stat. 426), any personal property (including 
memorabilia regarding General Pershing and the American Expeditionary 
Forces in France during World War I) in the possession of the 
Department of Veterans Affairs as of the date of the enactment of this 
subsection that was located in Pershing Hall (or otherwise associated 
with Pershing Hall) on the date of such acquisition.
    ``(3) The funds received by the Secretary pursuant to the sale of 
Pershing Hall under paragraph (1) shall be deposited in the 
`Construction, Major Projects' account of the Department and be made 
available, subject to appropriation and without fiscal year limitation, 
for the purposes of such account.
    ``(4)(A) Effective on the day after the date of the sale of 
Pershing Hall authorized under paragraph (1), the authority of the 
Secretary to carry out subsections (a), (b), (c), and (e) shall 
terminate except for purposes of carrying out paragraph (2) of this 
subsection.
    ``(B) Effective on the date that is one year after the date of the 
sale of Pershing Hall authorized under paragraph (1), the Pershing Hall 
Revolving Fund shall be abolished and the corpus of the fund, including 
accrued interest, shall be deposited in the `Construction, Major 
Projects' account of the Department and be made available, without 
fiscal year limitation, for the purposes of such account.''.
                                 <all>
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