To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.

Bill: 115-hr-7319
Sponsor: full_name: Rep. Barletta, Lou [R-PA-11]
Introduced: 2018-12-17
Policy area: Government Operations and Politics
Subjects: Government buildings, facilities, and property

Land transfers
Latest action: action_date: 2019-01-14
text: Became Public Law No: 115-438.

Summaries:
action_date: 2019-01-14
action_desc: Public Law
text: <p>(Sec. 1) This bill allows existing improvements on&nbsp;a property&nbsp;sold under&nbsp;the Federal Assets Sale and Transfer Act of 2016 to be leased back to the federal government for up to three years for the purpose of facilitating the sale of the property.</p>

tv_txt: I One Hundred Fifteenth Congress of the United States of America At the Second Session Begun and held at the City of Washington on Wednesday, the third day of January, two thousand and eighteen H. R. 7319 AN ACT To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.

1. Leaseback restriction Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016 ( 40 U.S.C. 1303 note; Public Law 114–287 ) is amended— (1) by inserting for a period of greater than 3 years before the period at the end; (2) by striking None of the and inserting the following: (A) In general None of the ; and (3) by adding at the end the following: (B) Requirements A leaseback under this paragraph— (i) shall expire on or before the last day of the 3-year period beginning on the date of the sale of the respective property; (ii) may not contain any options to extend or renew the leaseback; (iii) may only be entered into once for purposes of temporarily housing the Federal agency in the property at the time of the sale; and (iv) shall only be for the purpose of facilitating the sale of the respective property. .

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.

tv_txt: I 115th CONGRESS 2d Session H. R. 7319 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.

1. Leaseback restriction Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016 ( 40 U.S.C. 1303 note; Public Law 114–287 ) is amended— (1) by inserting for a period of greater than 3 years before the period at the end; (2) by striking None of the and inserting the following: (A) In general None of the ; and (3) by adding at the end the following: (B) Requirements A leaseback under this paragraph— (i) shall expire on or before the last day of the 3-year period beginning on the date of the sale of the respective property; (ii) may not contain any options to extend or renew the leaseback; (iii) may only be entered into once for purposes of temporarily housing the Federal agency in the property at the time of the sale; and (iv) shall only be for the purpose of facilitating the sale of the respective property. .

Passed the House of Representatives December 21, 2018. Karen L. Haas, Clerk.

tv_txt: I 115th CONGRESS 2d Session H. R. 7319 IN THE HOUSE OF REPRESENTATIVES December 17, 2018 Mr. Barletta (for himself and Mr. Denham ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.

1. Leaseback restriction Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016 ( 40 U.S.C. 1303 note; Public Law 114–287 ) is amended— (1) by inserting for a period of greater than 3 years before the period at the end; (2) by striking None of the and inserting the following: (A) In general None of the ; and (3) by adding at the end the following: (B) Requirements A leaseback under this paragraph— (i) shall expire on or before the last day of the 3-year period beginning on the date of the sale of the respective property; (ii) may not contain any options to extend or renew the leaseback; (iii) may only be entered into once for purposes of temporarily housing the Federal agency in the property at the time of the sale; and (iv) shall only be for the purpose of facilitating the sale of the respective property. .

tv_txt: II 115th CONGRESS 2d Session H. R. 7319 IN THE SENATE OF THE UNITED STATES December 21, 2018 Received AN ACT To amend the Federal Assets Sale and Transfer Act of 2016 to provide flexibility with respect to the leaseback of certain Federal real property, and for other purposes.

1. Leaseback restriction Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 2016 ( 40 U.S.C. 1303 note; Public Law 114–287 ) is amended— (1) by inserting for a period of greater than 3 years before the period at the end; (2) by striking None of the and inserting the following: (A) In general None of the ; and (3) by adding at the end the following: (B) Requirements A leaseback under this paragraph— (i) shall expire on or before the last day of the 3-year period beginning on the date of the sale of the respective property; (ii) may not contain any options to extend or renew the leaseback; (iii) may only be entered into once for purposes of temporarily housing the Federal agency in the property at the time of the sale; and (iv) shall only be for the purpose of facilitating the sale of the respective property. .

Passed the House of Representatives December 21, 2018. Karen L. Haas, Clerk