space utilization rates. To the extent utilization rates are 
exceeded by a given agency, the Director shall recommend 
realignment, co-location, consolidation, or other type of ac-
tion to improve space utilization. 
(d) SUBMISSION TO THE COMMISSION.— 
(1) IN GENERAL.—The standards, criteria, and 
recommendations developed pursuant to subsection (b) 
shall be submitted to the Commission with all sup-
porting information, data, analyses, and documenta-
tion. 
(2) PUBLICATION.—The standards, criteria, and 
recommendations shall be published in the Federal 
Register and transmitted to the committees designated 
in section 5(c) and to the Comptroller General of the 
United States. 
(3) ACCESS TO INFORMATION.—The Commission 
shall also have access to all information pertaining to 
the recommendations, including supporting informa-
tion, data, analyses, and documentation submitted 
pursuant to subsection (a). Upon request, Federal 
agencies shall provide, the Commission any addi-
tional information pertaining to its properties. 
SEC. 12. COMMISSION DUTIES. 
(a) IDENTIFICATION OF PROPERTY REDUCTION OP-
PORTUNITIES.—The Commission shall identify opportuni-
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ties for the Government to reduce significantly its inventory 
of civilian real property and reduce costs to the Govern-
ment. 
(b) IDENTIFICATION OF HIGH VALUE ASSETS.— 
(1) IDENTIFICATION OF CERTAIN PROPERTIES.— 
Not later than 180 days after Commission members 
are appointed pursuant to section 4, the Commission 
shall identify not less than 5 Federal properties that 
are not on the list of surplus or excess as of such date 
with a total fair market value of not less than 
$500,000,000 to be sold and transmit the list to the 
President and Congress as Commission recommenda-
tions and subject to the approval process described in 
sections 13 and 14. 
(2) LEASEBACK RESTRICTIONS.—None of the ex-
isting improvements on properties sold under this 
subsection may be leased back to the Federal Govern-
ment. 
(3) INFORMATION AND DATA.—In order to meet 
the goal established under paragraph (1), Federal 
agencies shall provide, upon receipt, any and all in-
formation and data regarding its properties to the 
Commission. The Commission shall notify the com-
mittees listed under section 5(c) of any failure by any 
agency to comply with a request of the Commission. 
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(4) TRANSFER.—Not later than 60 days after 
approval of the Commission recommendations pursu-
ant to paragraph (1), Federal agencies with custody, 
control, or administrative jurisdiction over the identi-
fied properties shall transfer custody, control, and ad-
ministrative jurisdiction to the Commission. 
(5) SALE.—Not later than 120 days after ap-
proval of Commission recommendations pursuant to 
paragraph (1) and notwithstanding any other provi-
sion of law (except as provided in section 18), the 
Commission shall sell the properties described in 
paragraph (1) at fair market value at highest and 
best use. 
(6) PROCEEDS.—The proceeds shall be distrib-
uted in accordance with section 17. 
(c) ANALYSIS OF INVENTORY.—The Commission shall 
perform an independent analysis of the inventory of Fed-
eral civilian real property and the recommendations sub-
mitted pursuant to section 11. The Commission shall not 
be bound or limited by the recommendations submitted pur-
suant to section 11. If, in the opinion of the Commission, 
an agency fails to provide needed information, data or ade-
quate recommendations that meet the standards and cri-
teria, the Commission shall develop such recommendations 
as it considers appropriate based on existing data con-
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tained in the Federal Real Property Profile or other rel-
evant information. 
(d) RECEIPT OF INFORMATION AND PROPOSALS.—Not-
withstanding any other provision of law, the Commission 
may receive and consider proposals, information, and other 
data submitted by State and local officials and the private 
sector. Such information shall be made publically available. 
(e) ACCOUNTING SYSTEM.—Not later than 120 days 
after the date of enactment of this Act, the Commission shall 
identify or develop and implement a system of accounting 
to be used to independently evaluate the costs of and returns 
on the recommendations. Such accounting system shall be 
applied in developing the Commission’s recommendations 
and determining the highest return to the taxpayer. In ap-
plying the accounting system, the Commission shall set a 
standard performance period. 
(f) PUBLIC HEARING.—The Commission shall conduct 
public hearings. All testimony before the Commission at a 
public hearing under this paragraph shall be presented 
under oath. 
(g) REPORTING OF INFORMATION AND RECOMMENDA-
TIONS.— 
(1) IN GENERAL.—Not later than 120 days after 
the receipt of recommendations pursuant to section 
11, and biannually thereafter, the Commission shall, 
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at a minimum, transmit to the President, and pub-
licly post on a Federal website maintained by the 
Commission a report containing the Commission’s 
findings, conclusions, and recommendations for the 
consolidation, exchange, co-location, reconfiguration, 
lease reductions, sale, and redevelopment of Federal 
civilian real properties and for other operational effi-
ciencies that can be realized in the Government’s op-
eration and maintenance of such properties. 
(2) CONSENSUS IN MAJORITY.—The Commission 
shall seek to develop consensus recommendations, but 
if a consensus cannot be obtained, the Commission 
may include in its report recommendations that are 
supported by a majority of the Commission. 
(h) FEDERAL WEBSITE.—The Commission shall estab-
lish and maintain a Federal website for the purposes of 
making relevant information publically available. 
(i) REVIEW BY GAO.—The Comptroller General of the 
United States shall transmit to the Congress and to the 
Commission a report containing a detailed analysis of the 
recommendations and selection process. 
SEC. 13. REVIEW BY THE PRESIDENT. 
(a) REVIEW OF RECOMMENDATIONS.—Upon receipt of 
the Commission’s recommendations, the President shall con-
duct a review of such recommendations. 
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(b) REPORT TO COMMISSION AND CONGRESS.—Not 
later than 30 days after receipt of the Commission’s rec-
ommendations, the President shall transmit to the Commis-
sion and Congress a report that sets forth the President’s 
approval or disapproval of the Commission’s recommenda-
tions. 
(c) APPROVAL OR DISAPPROVAL.—If the President— 
(1) approves of the Commission’s recommenda-
tions, the President shall transmit a copy of the rec-
ommendations to Congress, together with a certifi-
cation of such approval; 
(2) 
disapproves 
of 
the 
Commission’s 
rec-
ommendations, in whole or in part, the President 
shall also transmit to the Commission and Congress 
the reasons for such disapproval. The Commission 
shall then transmit to the President, not later than 30 
days following the disapproval, a revised list of rec-
ommendations; 
(3) approves all of the revised recommendations 
of the Commission, the President shall transmit a 
copy of such revised recommendations to Congress, to-
gether with a certification of such approval; or 
(4) does not transmit to the Congress an ap-
proval and certification described in paragraphs (1) 
or (3) within 30 days of receipt of the Commission’s 
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