Bill > HR189

This bill eliminates the Securities and Exchange Commission's (SEC) ability to directly lease general purpose office space, transferring that authority to the Administrator of General Services. Specifically, the bill prohibits the SEC from leasing office space on its own and requires the Administrator to lease space for the SEC under existing federal property management guidelines. The bill explicitly states that any existing leases the SEC has already entered into will remain valid. Additionally, the bill requires the Comptroller General (head of the Government Accountability Office) to conduct a comprehensive review and report to congressional committees about independent leasing authorities across federal agencies. This review will update a 2016 report, focusing on tracking which federal entities have independent leasing authorities, how many have been rescinded, the amount of space leased, and the extent to which agencies use the General Services Administration for leasing. The bill aims to centralize and standardize federal real estate leasing practices, potentially improving efficiency and oversight of government property management.

Business and Industry, Housing and Urban Affairs, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/189/all-info