Bill117th CongressFiled Mar 24, 2021Government Operations and Politics
S. 946
A bill 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 journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 24, 2021)
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.
What just happenedMar 24, 2021
Read twice and referred to the Committee on Environment and Public Works.
Who’s behind it
Sen. Lankford, James [R-OK](R-OK)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills2subjects
- Introduced in SenateMar 24, 2021
- Mar 24, 2021IntroReferral
Read twice and referred to the Committee on Environment and Public Works.
Environment and Public Works Committee - Mar 24, 2021IntroReferral10000
Introduced in Senate