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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Saver's Bonus Act of 2007''.

SEC. 2. FINDINGS.

Congress finds the following:
(1) According to the Department of Commerce, Americans are
currently saving less than 1 percent of their disposable
income.
(2) According to the Federal Reserve's 2004 Survey of
Consumer Finances, 17 percent of all households have zero or
negative net worth, while 30 percent have net worth of less
than $10,000.
(3) According to the Federal Reserve's 2004 Survey of
Consumer Finances, 11 percent of households do not have a
checking account and 9 percent do not have a transaction
account of any kind.
(4) According to the Retirement Security Project, in 2004
more than half of all households had zero savings in an
employer-based 401(k)-type plan or tax-preferred savings plan
account.
(5) It is in the economic interests of the United States to
promote savings among all members of society, regardless of
income.

SEC. 3. SAVER'S BONUS.

(a) In General.--The Secretary of the Treasury shall develop a
program to match deposits made by qualifying low-income individuals
into designated savings products.
(b) Qualifying Low-Income Individuals.--For purposes of this Act,
the term ''qualifying low-income individual'' means any individual
determined by the Secretary of the Treasury to be eligible for the
saver's bonus under this Act.
(c) Designated Savings Products.--For purposes of this Act, the
term ''designated savings product'' means any savings product,
including--
(1) qualified retirement plans (as defined in section
4974(c)) of such Code,
(2) qualified tuition programs under section 529 of such
Code,
(3) Coverdell education savings accounts under section 530
of such Code,
(4) United States savings bonds,
(5) certificates of deposits with durations of at least 6
months, and
(6) other types of savings products considered appropriate
by the Secretary of the Treasury for the purposes of this Act.
(d) Saver's Bonus Program.--The program established under
subsection (a) shall provide that--
(1) qualifying low-income individuals who direct their
Federal income tax refund (in its entirety or a portion
thereof) be deposited into any designated savings product shall
be eligible for a dollar-for-dollar match or saver's bonus to
be deposited directly in any designated savings product,
(2) qualifying low-income individuals who claim (when
filing a Federal income tax return) to have deposited funds
into any designated savings product during the course of the
tax year shall be eligible for a saver's bonus to be deposited
directly into any designated savings product, and
(3) the saver's bonus--
(A) shall equal $500 for qualifying low-income
individuals who are eligible for the earned income
credit under section 32 of such Code and shall be
phased out (but not below zero) for such individuals
whose earned income exceeds 120 percent of the earned
income threshold at which such eligibility ceases,
(B) shall be indexed for inflation every 5 years,
and
(C) shall be considered a refundable credit for
purposes of the Internal Revenue Code of 1986.
(e) Conforming Amendment Regarding Funding of Saver's Bonus.--
Section 1324(b)(2) of title 31, United States Code, is amended by
inserting ''or enacted by the Saver's Bonus Act of 2007,''.
(f) Effective Date.--The program under, and amendment made by, this
section shall be effective with respect to Federal income tax returns
for taxable years beginning after December 31, 2008.

SEC. 4. OPENING OF ACCOUNTS ON FEDERAL INCOME TAX RETURNS TO FACILITATE
SAVINGS.

(a) Notification of Option.--
(1) In general.--The Commissioner of Internal Revenue shall
notify qualifying low-income individuals who qualify for a
Federal income tax refund but fail to provide an ACH direct
deposit number on their Federal income tax return that they
have the option of an electronic direct deposit and that they
may be eligible for the saver's bonus program under section 3
if they deposit a refund or a portion of their refund in any
designated savings product.
(2) Method of notification.--The notification under
paragraph (1) shall be made through--
(A) a public awareness program undertaken by the
Secretary of the Treasury, in concert with the
Commissioner of the Internal Revenue and others as
necessary, at least 6 months before January 2009, and
(B) the inclusion of such a notice in the
instruction material for any Federal income tax return.
(b) Establishment of Designated Account Program.--The Secretary of
the Treasury shall develop, in consultation with the Federal Management
System, a program to minimize the delivery of non-electronic Federal
income tax refunds by depositing refunds electronically to an account
held by a depository institution. This program shall include--
(1) provisions for such tax refunds to be deposited into a
designated account,
(2) establishment of account parameters with respect to
minimum balance requirements and limitations on overdrafts,
overdraft fees, and other requirements,
(3) establishment of means for the taxpayer to access the
account electronically or through a payment card, and
(4) provisions to allow taxpayers to open an account with
their Federal income tax refunds through financial service
providers, so long such account is held at a depository
institution that is insured under the Federal Deposit Insurance
Act (12 U.S.C. 1811 et seq.).
(c) Effective Date.--The notification under subsection (a) and the
program under subsection (b) shall be effective with respect to Federal
income tax returns for taxable years beginning after December 31, 2008.

SEC. 5. PURCHASE OF SAVINGS BONDS ON FEDERAL INCOME TAX RETURNS.

(a) Notification of Option.--The Commissioner of Internal Revenue
shall notify individual taxpayers that they have the option of
purchasing United States savings bonds when they file their Federal
income tax returns and that they may be eligible for the saver's bonus
program under section 3. Such notification shall be included in the
instruction material for any Federal income tax return.
(b) Establishment of Savings Bond Purchase Program.--The Secretary
of the Treasury shall develop, in consultation with a task force, a
program for the purchase by individual taxpayers of United States
savings bonds on their Federal income tax returns.
(c) Effective Date.--The notification under subsection (a) and the
program under subsection (b) shall be effective with respect to Federal
income tax returns for taxable years beginning after December 31, 2008.
Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns.

Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.

SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

(a) Short Title.--This Act may be cited as the ''Working Family
Child Care Tax Relief Act of 1996''.
(b) Amendment of 1986 Code.--Except as otherwise expressly
provided, whenever in this Act an amendment or repeal is expressed in
terms of an amendment to, or repeal of, a section or other provision,
the reference shall be considered to be made to a section or other
provision of the Internal Revenue Code of 1986.

SEC. 2. EXPANSION OF CHILD AND DEPENDENT CARE CREDIT.

(a) Increase in Credit.--Paragraph (2) of section 21(a) (relating
to credit for expenses for household and dependent care services
necessary for gainful employment) is amended to read as follows:
''(2) Applicable percentage defined.--For purposes of
paragraph (1), the term 'applicable percentage' means 30
percent reduced (but not below 20 percent) by 1 percentage
point for each $3,000 (or fraction thereof) by which the
taxpayer's adjusted gross income exceeds $50,000.''
(b) Increase in Maximum Amount Creditable.--
(1) In general.--Section 21(c) (relating to dollar limit on
amount creditable) is amended--
(A) by striking ''$2,400'' in paragraph (1) and
inserting ''$4,000'', and
(B) by striking ''$4,800'' in paragraph (2) and
inserting ''$8,000''.
(2) Phaseout for taxpayers with adjusted gross income in
excess of $50,000.--
(A) In general.--Section 21(c) is amended by adding
at the end the following new paragraph:
''(2) Limitation based on adjusted gross income.--If the
taxpayer's adjusted gross income for the taxable year exceeds
$50,000, the applicable dollar amount under paragraph (1) shall
be reduced as follows:
''(A) The $4,000 amount under paragraph (1)(A)
shall be reduced (but not below $2,400) by $53.33 for
each $1,000 (or fraction thereof) of such excess.
''(B) The $8,000 amount under paragraph (1)(B)
shall be reduced (but not below $4,800) by $106.66 for
each $1,000 (or fraction thereof) of such excess.''
(2) Conforming amendments.--Section 21(c), as amended by
subsection (b), is amended--
(A) by striking ''The amount'' and inserting:
''(1) In general.--The amount'',
(B) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B), respectively, and
(C) by striking ''paragraph (1) or (2)'' and
inserting ''subparagraph (A) or (B)''.
(c) Credit Made Refundable.--
(1) In general.--Section 21 (relating to credit for
expenses for household and dependent care services), as amended
by this section, is transferred to subpart C of part IV of
subchapter A of chapter 1, inserted after section 35, and
redesignated as section 36.
(2) Conforming amendments.--
(A) Section 129 is amended--
(i) by striking ''21(e)'' in subsection
(a)(2)(C) and inserting ''36(e)'',
(ii) by striking ''21(d)(2)'' in subsection
(b)(2) and inserting ''36(d)(2)'', and
(iii) by striking ''21(b)(2)'' in
subsection (e)(1) and inserting ''36(b)(2)''.
(B) Section 213(e) is amended by striking ''section
21'' and inserting ''section 36''.
(3) Clerical amendments.--
(A) The table of sections for subpart A of part IV
of subchapter A of chapter 1 is amended by striking the
item relating to section 21.
(B) The table of sections for subpart C of part IV
of subchapter A of chapter 1 is amended by adding at
the end the following new item:

''Sec. 36. Expenses for household and
dependent care services
necessary for gainful
employment.''
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 1997.

SEC. 3. OFFSETS OF REVENUE LOSS.

(a) Modifications to Foreign Earned Income Exclusion.--
(1) Repeal of $70,000 exclusion.--Paragraph (1) of section
911(a) (relating to exclusion from gross income) is amended by
inserting ''in the case of taxable years beginning before
January 1, 1998,'' before ''the foreign earned income''.
(2) Qualified schooling expenses.--
(A) In general.--Section 911(a) is amended by
striking ''and'' at the end of paragraph (1), by
striking the period at the end of paragraph (2) and
inserting '', and'', and by adding at the end the
following new paragraph:
''(3) the qualified schooling expenses of such
individual.''
(B) Qualified schooling expenses.--Section 911 is
amended by redesignating subsections (e) and (f) as
subsections (f) and (g) and by inserting after
subsection (d) the following new subsection:
''(e) Qualified Schooling Expenses.--For purposes of this section--
''(1) In general.--For purposes of this section, the term
'qualified schooling expenses' means the reasonable schooling
expenses paid or incurred by or on behalf of the individual
during the taxable year for the education of each dependent of
the individual at the elementary or secondary level. For
purposes of the preceding sentence, the elementary or secondary
level means education which is the equivalent of education from
the kindergarten through the 12th grade in a United States-type
school.
''(2) Expenses included.--For purposes of paragraph (1),
the term 'schooling expenses' means the cost of tuition, fees,
books, and local transportation and of other expenses required
by the school. Except as provided in paragraph (3), such term
does not include expenses of room and board or expenses of
transportation other than local transportation.
''(3) Room, board, and travel allowed in certain cases.--If
an adequate United States-type school is not available within a
reasonable commuting distance of the individual's tax home, the
expenses of room and board of the dependent and the expenses of
the transportation of the dependent each school year between
such tax home and the location of the school shall be treated
as schooling expenses.
''(4) Determination of reasonable expenses.--If--
''(A) there is an adequate United States-type
school available within a reasonable commuting distance
of the individual's tax home, and
''(B) the dependent attends a school other than the
school referred to in subparagraph (A),
then the amount taken into account under paragraph (2) shall
not exceed the aggregate amount which would be charged for the
period by the school referred to in subparagraph (A).
''(5) Period taken into account.--An amount shall be taken
into account as a qualified schooling expense only if it is
attributable to education for a period during which the
individual's tax home is in a foreign country.
''(6) Special rules where schooling expenses not provided
by employer.--
''(A) In general.--To the extent the qualified
schooling expenses of any individual for any taxable
year is not attributable to employer provided amounts,
such expenses shall be treated as a deduction allowable
in computing adjusted gross income to the extent of the
limitation of subparagraph (B).
''(B) Limitation.--For purposes of subparagraph
(A), the limitation of this subparagraph is the excess
of--
''(i) the foreign earned income of the
individual for the taxable year, over
''(ii) the amount of such income excluded
from gross income under subsection (a) for the
taxable year.
''(C) 1-year carryover of expenses not allowed by
reason of subparagraph (b).--
''(i) In general.--The amount not allowable
as a deduction for any taxable year under
subparagraph (A) by reason of the limitation of
subparagraph (B) shall be treated as a
deduction allowable in computing adjusted gross
income for the succeeding taxable year (and
only for the succeeding taxable year) to the
extent of the limitation of clause (ii) for
such succeeding taxable year.
''(ii) Limitation.--For purposes of clause
(i), the limitation of this clause for any
taxable year is the excess of--
''(I) the limitation of
subparagraph (B) for such taxable year,
over
''(II) amounts treated as a
deduction under subparagraph (A) for
such taxable year.
''(D) Employer provided amounts.--For purposes of
this paragraph, the term 'employer provided amounts'
means any amount paid or incurred on behalf of the
individual by the individual's employer which is
foreign earned income included in the individual's
gross income for the taxable year (without regard to
this section).''
(C) Conforming amendment.--Section 911(d)(7) is
amended by inserting ''or (e)(6)(A)'' after
''subsection (c)(3)(A)''.
(3) Effective date.--The amendments made by this subsection
shall apply to taxable years beginning after December 31, 1997.
(b) Savings From Welfare Reform.--If there is an overall decrease
in Federal revenues for any fiscal year by reason of this Act (without
regard to this subsection), such decrease shall be offset by the
decrease in Federal expenditures for such fiscal year by reason of the
amendments made by, and provisions of, the Personal Responsibility and
Work Opportunity Reconciliation Act of 1996 (Public Law 104-193).
Working Family Child Care Tax Relief Act of 1996 - Amends the Internal Revenue Code with respect to the child and dependent care credit to: (1) increase such credit and make it refundable; and (2) provide it with an income-based phaseout and limitation.
Eliminates the foreign earned income exclusion as of a specified date. Allows an exclusion for overseas qualified elementary and secondary schooling expenses.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Federal Real Property Disposal Pilot
Program and Management Improvement Act of 2005''.

SEC. 2. TABLE OF CONTENTS.

The table of contents for this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.
TITLE I--PILOT PROGRAM FOR EXPEDITED DISPOSAL OF FEDERAL REAL PROPERTY

Sec. 101. Federal Real Property Disposal Pilot Program.
TITLE II--IMPROVEMENTS TO ECONOMY AND EFFICIENCY OF FEDERAL REAL
PROPERTY

Sec. 201. Improvements to Federal real property management.
TITLE III--GENERAL PROVISIONS

Sec. 301. Definition of underutilized real property.

TITLE I--PILOT PROGRAM FOR EXPEDITED DISPOSAL OF FEDERAL REAL PROPERTY

SEC. 101. FEDERAL REAL PROPERTY DISPOSAL PILOT PROGRAM.

(a) In General.--Chapter 5 of subtitle I of title 40, United States
Code, is amended by adding at the end the following new subchapter:

''SUBCHAPTER VII--EXPEDITED DISPOSAL OF REAL PROPERTY

''Sec. 621. Requirement for pilot program
''(a) In General.--The Federal Real Property Council shall conduct
a pilot program, to be known as the 'Federal Real Property Disposal
Pilot Program', under which excess property, surplus property, or
underutilized real property shall be disposed of in accordance with
this subchapter.
''Sec. 622. Selection of real properties
''The Federal Real Property Council shall select at least 10 real
properties per year owned by executive agencies for participation in
the pilot program.
''Sec. 623. Expedited disposal requirements
''(a) Requirement to Conduct Expedited Disposals.--
''(1) In general.--Under the pilot program, the Federal
Real Property Council shall direct executive agencies to
conduct expedited disposals of the real properties selected
pursuant to section 622 of this title.
''(2) Expedited disposal defined.--For purposes of the
pilot program, an expedited disposal of a real property is a
sale of real property for cash that is conducted pursuant to
the requirements of section 545 of this title and that is not
subject to--
''(A) sections 550 and 553 of this title; or
''(B) section 501 of the McKinney-Vento Homeless
Assistance Act (42 U.S.C. 11411).
''(b) Fair Market Value.--A real property may be sold under the
pilot program only if the Federal Government receives not less than 90
percent of the fair market value for the sale, determined in accordance
with a method identified by the Council.
''(c) Monetary Proceeds; Prohibition on Transactions Other Than
Sales for Cash.--A real property may be sold under the pilot program
only if the property will generate monetary proceeds to the Federal
Government. A disposal of real property under the pilot program may not
include any exchange, trade, transfer, acquisition of like-kind
property, or other non-cash transaction as part of the disposal.
''Sec. 624. Special rules for deposit and use of proceeds from
expedited disposals
''(a) Distribution Requirements.--With respect to the disposal of a
real property under the pilot program, the monetary proceeds from the
disposal shall be distributed as follows:
''(1) 80 percent shall be deposited into the Treasury as
miscellaneous receipts.
''(2) 10 percent shall be deposited into an account in the
Treasury for use for any program or purpose previously
authorized by law by any executive agency determined by the
Federal Real Property Council to be affected by the disposal,
to remain available until expended without further
appropriation or authorization.
''(3) 5 percent shall be deposited into an account in the
Treasury for use by the Federal Real Property Council to
disburse to local taxing jurisdictions affected by the
disposal. Funds not disbursed within 90 days after the disposal
of the property shall be deposited into the Treasury as
miscellaneous receipts.
''(4) 5 percent shall be deposited into an account in the
Treasury for use by the Federal Real Property Council for such
purposes as the Council considers appropriate, including for
further study and other costs associated with the disposition
of real properties.
''(b) Limitation.--Proceeds from the disposal of a real property
under the pilot program shall not be subject to subchapter IV of this
chapter.
''Sec. 625. Administrative provisions
''(a) Use of Agency Funds for Costs of Disposals.--Subject to
subsection (b), an executive agency may use any amounts otherwise
available to the agency for paying the costs to the agency of disposing
of real property under the pilot program, including the costs of any of
the following:
''(1) Site remediation, restoration, or other environmental
services.
''(2) Relocation of affected tenants and other occupants.
''(3) Advertising and marketing.
''(4) Community outreach.
''(5) Surveying.
''(6) Appraisal.
''(7) Brokerage.
''(8) Historic preservation services.
''(9) Title insurance.
''(10) Due diligence.
''(11) Document notarization and recording services.
''(12) Prepayment of up to one year's assessed property
taxes.
''(13) Any other costs, whether direct or indirect,
associated with the sale of the property.
''(b) Limitation on Amount Used for Costs of Disposals.--With
respect to the disposal of a real property by an executive agency, the
agency may not use amounts, as authorized under subsection (a), for
costs associated with the disposal of the property in any amount
exceeding 25 percent of the fair market value of the property.
''Sec. 626. Termination of pilot program
''The Federal Real Property Disposal Pilot Program shall terminate
5 years after the date of the enactment of this subchapter.''.
(b) Clerical Amendment.--The table of sections at the beginning of
chapter 5 of subtitle I of title 40, United States Code, is amended by
inserting after the item relating to section 611 the following:
''subchapter vii--expedited disposal of real property
''Sec. 621. Requirement for pilot program.
''Sec. 622. Selection of real properties.
''Sec. 623. Expedited disposal requirements.
''Sec. 624. Special rules for deposit and use of proceeds from
expedited disposals.
''Sec. 625. Administrative provisions.
''Sec. 626. Termination of pilot program.''.

TITLE II--IMPROVEMENTS TO ECONOMY AND EFFICIENCY OF FEDERAL REAL
PROPERTY

SEC. 201. IMPROVEMENTS TO FEDERAL REAL PROPERTY MANAGEMENT.

(a) In General.--Chapter 5 of subtitle I of title 40, United States
Code, is amended by adding at the end the following new subchapter:

''SUBCHAPTER VIII--PROPERTY MANAGEMENT GENERALLY

''Sec. 631. Senior Real Property Officers
''(a) Establishment of Agency Senior Real Property Officer.--The
head of each agency listed in paragraphs (1) and (2) of section 901(b)
of title 31 shall designate among their senior management officials a
Senior Real Property Officer. Such officer shall have the education,
training, and experience required to administer the necessary functions
of the position for the agency concerned.
''(b) Agency Asset Management Plan Responsibilities.--The Senior
Real Property Officer of an agency shall develop and implement an
agency asset management planning process that meets the form, content,
and other requirements established by the Federal Real Property Council
established under section 632 of this title. The initial agency asset
management plan shall be submitted to the Office of Management and
Budget on a date determined by the Director of the Office of Management
and Budget. In developing the plan, the Senior Real Property Officer
shall--
''(1) identify and categorize all real property owned,
leased, or otherwise managed by the agency, including, where
applicable, those properties outside the United States in which
the lease agreements and arrangements reflect the host country
currency or involve alternative lease plans or rental
agreements;
''(2) identify and pursue goals, with appropriate
deadlines, consistent with and supportive of the agency's asset
management plan and measure progress against such goals; and
''(3) identify any other information and pursue any other
actions necessary to the appropriate development and
implementation of the agency asset management plan.
''(c) Monitoring of Assets.--The Senior Real Property Officer of an
agency shall be responsible, on an ongoing basis, for monitoring the
real property assets of the agency so that agency assets are managed in
a manner that is--
''(1) consistent with, and supportive of, the goals and
objectives set forth in the agency's overall strategic plan
under section 306 of title 5;
''(2) consistent with the real property asset management
principles developed by the Federal Real Property Council
established under section 632 of this title; and
''(3) reflected in the agency asset management plan.
''(d) Provision of Information.--The Senior Real Property Officer
of an agency shall, on an annual basis, provide to the Director of the
Office of Management and Budget and the Administrator of General
Services the following:
''(1) Information that lists and describes real property
assets under the jurisdiction, custody, or control of that
agency, except for classified information.
''(2) Any other relevant information the Director of the
Office of Management and Budget or the Administrator of General
Services may request for inclusion in the inventory database
established under section 634 of this title.
''Sec. 632. Federal Real Property Council
''(a) Establishment of Council.--There shall be a Federal Real
Property Council, within the Office of Management and Budget for
administrative purposes, to develop guidance for, and facilitate the
success of, each agency's asset management plan. The Council shall be
composed exclusively of all agency Senior Real Property Officers, the
Controller of the Office of Management and Budget, the Administrator of
General Services, and any other full-time or permanent part-time
Federal officials or employees as deemed necessary by the Chairman of
the Council. The Deputy Director for Management of the Office of
Management and Budget shall also be a member and shall chair the
Council. The Office of Management and Budget shall provide funding and
administrative support for the Council, as appropriate.
''(b) Agency Asset Management Plans.--
''(1) In general.--The Council shall provide guidance to
the Senior Real Property Officers in the development and
implementation of the agency asset management plans.
''(2) Performance measures.-- The Council shall work with
the Administrator of General Services to establish appropriate
performance measures to determine the effectiveness of Federal
real property management. Such performance measures shall
include, but are not limited to, evaluating the costs and
benefits involved with disposing of Federal real properties at
particular agencies. Specifically, the Council shall consider,
as appropriate, the following performance measures:
''(A) The cost and time required to dispose of
Federal real property assets and the financial recovery
of the Federal investment resulting from the disposal.
''(B) Changes in the amounts of vacant Federal
space.
''(C) The enhancement of executive agency
productivity through an improved working environment.
''(3) Design of performance measures.--The performance
measures shall be designed to enable the heads of executive
agencies to track progress in the achievement of Government-
wide property management objectives, as well as allow for
comparing the performance of executive agencies against
industry and other public sector agencies.
''(c) Best Practices Clearinghouse.--The Council shall serve as a
clearinghouse for executive agencies for best practices in evaluating
actual progress in the implementation of real property enhancements.
The Council shall also work in conjunction with the President's
Management Council to assist the efforts of the Senior Real Property
Officials and the implementation of agency asset management plans.
''(d) Fund.--The Council may use amounts in the fund referred to in
section 624(4) of this title for such purposes as the Council considers
appropriate for carrying out its responsibilities.
''(e) Meetings.--The Council shall hold meetings not less often
than once a quarter each fiscal year.
''Sec. 633. Inventory database
''(a) Database.--The Administrator of General Services (in this
section referred to as the 'Administrator'), in consultation with the
Federal Real Property Council, shall establish and maintain a single,
comprehensive, and descriptive database of all real property under the
custody and control of all executive agencies, other than real property
excluded for reasons of national security. The Administrator shall
collect from each executive branch agency such descriptive information,
except for classified information, as the Administrator considers will
best describe the nature, use, and extent of the real property holdings
of the Federal Government.
''(b) Standards.--The Administrator, in consultation with the
Council, may establish data and other information technology standards
for use by executive agencies in developing or upgrading executive
agency real property information systems in order to facilitate
reporting on a uniform basis. Those agencies with particular
information technology standards and systems in place and in use shall
be allowed to continue with such use to the extent that they are
compatible with the standards issued by the Administrator.
''(c) Jurisdiction of Administrator.--Except for the purpose of
maintaining the database required under this section, nothing in this
section authorizes the Administrator to assume jurisdiction over the
acquisition, management, or disposal of real property not subject to
this chapter.
''(d) List of Underutilized Federal Real Properties.--
''(1) Requirement.--The head of each executive agency
shall--
''(A) identify all underutilized properties under
the custody and control of that agency; and
''(B) submit a list describing the underutilized
properties to the Federal Real Property Council.
''(2) Contents of list.--The list submitted under paragraph
(1)(B) shall include information about the location, nature,
and use of the property, and may be included in the database
required under this section.
''(3) Use of list.--Each executive agency shall use the
list submitted for the agency under this subsection to help in
determining whether a property is excess property under this
chapter.''.
(b) Clerical Amendment.--The table of sections at the beginning of
chapter 5 of subtitle I of title 40, United States Code, is amended by
inserting after the item relating to section 626, as added by title I,
the following:
''subchapter viii--property management generally
''Sec. 631. Senior Real Property Officers.
''Sec. 632. Federal Real Property Council.
''Sec. 633. Inventory database.''.

TITLE III--GENERAL PROVISIONS

SEC. 301. DEFINITION OF UNDERUTILIZED REAL PROPERTY.

Section 102 of title 40, United States Code, is amended by adding
at the end the following new paragraph:
''(11) The term 'underutilized real property' means real
property under the control of a Federal agency, with or without
improvements, that meets 1 or more of the following criteria:
''(A) The property is occupied by 10 or fewer
employees of the Federal Government or a contractor of
the Federal Government.
''(B) 50 percent or less of the building space is
occupied by the executive agency.
''(C) The property has improvements that occupy 25
percent or less of the land.
''(D) The property is unutilized, meaning it is
vacant or not occupied for current program purposes.''.
Federal Real Property Disposal Pilot Program and Management Improvement Act of 2005 - Requires the Federal Real Property Council (established by this Act) to conduct a Federal Real Property Disposal Pilot Program under which excess property, surplus property, or underutilized real property shall be disposed of in accordance with this Act.

Requires specified agencies to develop and implement an agency asset management planning process.

Requires the Federal Real Property Council to develop guidance for, and facilitate the success of, each agency's asset management plan.

Provides for the Federal Real Property Council to serve as a clearinghouse for executive agencies for best practices in evaluating progress in the implementation of real property enhancements.

Directs the Administrator of General Services to establish a database of all real property under the custody and control of all executive agencies, other than real property excluded for national security reasons.

Directs the heads of executive agencies to identify all underutilized properties under that agency's custody and control and submit a list describing the underutilized properties to the Federal Real Property Council.