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] 
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H1468.RH
H1468
kjohnson on DSK79L0C42PROD with BILLS
A BILL 
To amend title 40, United States Code, to eliminate the 
leasing authority of the Securities and Exchange Com-
mission, and for other purposes. 
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H1468.RH
H1468
kjohnson on DSK79L0C42PROD with BILLS
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Securities and Exchange 
Commission Real Estate Leasing Authority Revocation 
Act’’. 
SEC. 2. LEASING OF SPACE FOR SECURITIES AND EX-
CHANGE COMMISSION. 
(a) IN GENERAL.—Section 3304 of title 40, United 
States Code, is amended by adding at the end the following: 
‘‘(e) LEASING OF SPACE FOR SECURITIES AND EX-
CHANGE COMMISSION.—Notwithstanding any other provi-
sion of law, on and after the date of enactment of this sub-
section, the Securities and Exchange Commission may not 
lease general purpose office space. The Administrator may 
lease such space for the Securities and Exchange Commis-
sion under section 585 and this chapter.’’. 
(b) LIMITATION ON STATUTORY CONSTRUCTION.—The 
amendment made by subsection (a) may not be construed 
to invalidate or otherwise affect a lease entered into by the 
Securities and Exchange Commission before the date of en-
actment of this Act. 
SEC. 3. INDEPENDENT LEASING AUTHORITIES. 
(a) IN GENERAL.—The Comptroller General of the 
United States shall submit to the Committee on Transpor-
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6203
E:\BILLS\H1468.RH
H1468
kjohnson on DSK79L0C42PROD with BILLS
tation and Infrastructure of the House of Representatives, 
the Committee on Environment and Public Works of the 
Senate, and the Committee on Homeland Security and Gov-
ernmental Affairs of the Senate a report on the review de-
scribed in subsection (b). 
(b) REVIEW.—The Comptroller General shall complete 
a review under which the Comptroller General shall update 
the 2016 report of the Comptroller General (GAO–16–648) 
with a specific focus on the following: 
(1) Updating the information included in Ap-
pendix II: Federal Entities That Reported Having 
Independent Leasing Authority for Domestic Offices 
and Warehouses of such report. 
(2) Determining to what extent Federal entities 
with independent leasing authorities have had such 
authorities rescinded or amended and the number and 
amount of office and warehouse space such entities 
lease. 
(3) Determining to what extent have agencies 
with independent leasing authority utilized the Gen-
eral Services Administration for leasing, including 
utilization of delegation of authority. 
(4) Identifying progress made on implementing 
the recommendations in such report. 
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H1468.RH
H1468
kjohnson on DSK79L0C42PROD with BILLS
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H1468.RH
H1468
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 
the leasing authority of the Securities and Ex-
change Commission, and for other purposes. 
SEPTEMBER 13, 2022 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
23:52 Sep 13, 2022
Jkt 029200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H1468.RH
H1468
kjohnson on DSK79L0C42PROD with BILLS