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Bill > HR6194


US HR6194

US HR6194
REAL Reform Act of 2018 Real Estate Assets and Leasing Reform Act of 2018


summary

Introduced
06/22/2018
In Committee
06/27/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

REAL Reform Act of 2018 Real Estate Assets and Leasing Reform Act of 2018 This bill modifies requirements with respect to leases for federal buildings. Specifically, the bill: directs the General Services Administration (GSA) to establish, and operate through 2023, a pilot program to execute lease agreements using alternative procedures; temporarily authorizes the GSA to submit consolidated prospectuses for leases and projects to Congress for approval; requires approval by congressional resolution of an appropriation for any costs and expenses associated with administering an acquisition by exchange involving real property or in-kind consideration valued at or over a specified amount; sets a specified limitation regarding bargain-price purchase options; requires certain public buildings containing a public restroom to also contain a lactation room; authorizes the Department of Commerce to release the federal government's interest in certain economic adjustment grants; and requires the GSA to provide specified additional notice and justification to Congress regarding certain projects. The Government Accountability Office must conduct biennial audits of the GSA National Broker Contract and a review of the application of certain enhanced competition requirements. The GSA must sell or exchange part of the Department of Energy (DOE) Forrestal complex to fund the construction of a new DOE headquarters. In addition, the bill allows the Department of Homeland Security to authorize and train security personnel contracted to protect certain federal buildings or grounds to carry firearms and, under specified circumstances, detain individuals without a warrant.

AI Summary

This bill, the Real Estate Assets and Leasing Reform Act of 2018 (REAL Reform Act of 2018), aims to reduce the costs of federal real estate and improve building security. Key provisions include: establishing a pilot program for the General Services Administration (GSA) to use alternative leasing procedures to reduce costs and the backlog of expiring leases; temporarily allowing the GSA to submit consolidated prospectuses for lease approvals; requiring Congressional approval for certain real estate exchanges; limiting bargain-price purchase options in lease agreements; requiring certain public buildings to have lactation rooms; authorizing the Department of Commerce to release interest in certain economic adjustment grants; allowing the Department of Homeland Security to authorize and train contract security personnel to carry firearms and detain individuals in certain federal buildings; and requiring studies on the GSA's National Broker Contract and the funding needs of the Federal Protective Service.

Committee Categories

Business and Industry, Transportation and Infrastructure

Sponsors (4)

Last Action

Ordered to be Reported (Amended) by Voice Vote. (on 06/27/2018)

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