An act to amend chapter 5 of title 40, United States Code, to improve the management of Federal personal property
PL 115-419 (S.3031), enacted 01/03/2019

132 STAT. 5442 
PUBLIC LAW 115–419—JAN. 3, 2019 
Public Law 115–419 
115th Congress 
An Act 
To amend chapter 5 of title 40, United States Code, to improve the management 
of Federal personal property. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Personal Property 
Management Act of 2018’’. 
SEC. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT. 
(a) INVENTORY ASSESSING AND IDENTIFYING EXCESS PERSONAL 
PROPERTY.—Section 524(a) of title 40, United States Code, is 
amended— 
(1) in paragraph (11), by striking ‘‘and’’ at the end; 
(2) in paragraph (12), by striking the period at the end 
and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(13) in accordance with guidance from the Administrator 
of General Services— 
‘‘(A) on an annual basis, conduct an inventory and 
assessment of capitalized personal property to identify 
excess capitalized personal property under its control, 
including evaluating— 
‘‘(i) the age and condition of the personal property; 
‘‘(ii) the extent to which the executive agency uti-
lizes the personal property; 
‘‘(iii) the extent to which the mission of the execu-
tive agency is dependent on the personal property; 
and 
‘‘(iv) any other aspect of the personal property 
that the Administrator determines is useful or nec-
essary for the executive agency to evaluate; and 
‘‘(B) on a regular basis, conduct an inventory and 
assessment of accountable personal property under its con-
trol, including evaluating— 
‘‘(i) the age and condition of the personal property; 
‘‘(ii) the extent to which the executive agency uti-
lizes the personal property; 
‘‘(iii) the extent to which the mission of the execu-
tive agency is dependent on the personal property; 
and 
‘‘(iv) any other aspect of the personal property 
that the Administrator determines is useful or nec-
essary for the executive agency to evaluate.’’. 
Guidance. 
Evaluations. 
Federal Personal 
Property 
Management Act 
of 2018. 
40 USC 101 note. 
Jan. 3, 2019 
[S. 3031] 
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132 STAT. 5443 
PUBLIC LAW 115–419—JAN. 3, 2019 
LEGISLATIVE HISTORY—S. 3031: 
SENATE REPORTS: No. 115–343 (Comm. on Homeland Security and Governmental 
Affairs). 
CONGRESSIONAL RECORD, Vol. 164 (2018): 
Dec. 12, considered and passed Senate. 
Dec. 21, considered and passed House. 
(b) THRESHOLDS FOR CAPITALIZATION AND ACCOUNTABILITY.— 
Section 506(a)(1) of title 40, United States Code, is amended by 
adding at the end the following: 
‘‘(E) CAPITALIZATION THRESHOLDS.—Establish thresh-
olds for acquisitions of personal property for which execu-
tive agencies shall capitalize the personal property. 
‘‘(F) ACCOUNTABILITY
THRESHOLDS.—Notwithstanding 
section 121(b), for the management and accountability of 
personal property, establish thresholds for acquisitions of 
personal property for which executive agencies shall estab-
lish and maintain property records in a centralized 
system.’’. 
Approved January 3, 2019. 
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