To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

Bill: 117-hr-2220
Sponsor: Rep. Guest, Michael [R-MS-3]
Introduced: 2021-03-26 in the House
Policy area: Government Operations and Politics
Subjects: Government buildings, facilities, and property
Public contracts and procurement

Summary:
action_date: 2021-03-26
text: 
This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.

action_date: 2021-11-01
text: 
This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.

action_date: 2021-11-04
text: 
This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.

action_date: 2022-11-30
text: 
This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.

action_date: 2022-12-21
text: 
This act specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The act applies to lease agreements that are entered into on or after January 1, 2021.


Legislative actions:
action_date: 2022-12-21
text: Became Public Law No: 117-257.
action_date: 2022-12-21
text: Became Public Law No: 117-257.
action_date: 2022-12-21
text: Signed by President.
action_date: 2022-12-21
text: Signed by President.
action_date: 2022-12-16
text: Presented to President.
action_date: 2022-12-16
text: Presented to President.
action_date: 2022-12-01
text: Message on Senate action sent to the House.
action_date: 2022-11-30
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S6912)
action_date: 2022-11-30
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
action_date: 2022-11-30
text: Senate Committee on Environment and Public Works discharged by Unanimous Consent.
action_date: 2022-11-30
text: Senate Committee on Environment and Public Works discharged by Unanimous Consent.
action_date: 2021-11-15
text: Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.
action_date: 2021-11-04
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2021-11-04
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363). (text: 11/3/2021 CR H6144)
action_date: 2021-11-04
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363).(text: 11/3/2021 CR H6144)
action_date: 2021-11-04
text: Considered as unfinished business. (consideration: CR H6200)
action_date: 2021-11-03
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2021-11-03
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 2220.
action_date: 2021-11-03
text: Considered under suspension of the rules. (consideration: CR H6144)
action_date: 2021-11-03
text: Mr. Pappas moved to suspend the rules and pass the bill.
action_date: 2021-11-01
text: Placed on the Union Calendar, Calendar No. 116.
action_date: 2021-11-01
text: Reported by the Committee on Transportation and Infrastructure. H. Rept. 117-159.
action_date: 2021-11-01
text: Reported by the Committee on Transportation and Infrastructure. H. Rept. 117-159.
action_date: 2021-07-28
text: Ordered to be Reported by Voice Vote.
action_date: 2021-07-28
text: Committee Consideration and Mark-up Session Held.
action_date: 2021-07-28
text: Subcommittee on Economic Development, Public Buildings, and Emergency Management Discharged.
action_date: 2021-03-29
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
action_date: 2021-03-26
text: Referred to the House Committee on Transportation and Infrastructure.
action_date: 2021-03-26
text: Introduced in House
action_date: 2021-03-26
text: Introduced in House

Enacted as: number: 117-257