HR 2220 United States House · 117th Congress

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.

Summary

This act 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 act applies to lease agreements that are entered into on or after January 1, 2021.

Bill status signed all 5 stages cleared

Introduction

Mar 2021

Committee Review

Nov 2022

House Passage

Nov 2021

Senate Passage

Nov 2022

Signed into Law

Dec 2022

Introduced Mar 26, 2021 Signed Dec 21, 2022

Floor votes · House Nov 4, 2021

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Dec 21, 2022

Signed into law

Signed by President.

executive

Nov 30, 2022

Upper · Passed

Passed Senate without amendment by Unanimous Consent. (consideration: CR S6912)

upper

Nov 30, 2022

Upper · Passed

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

upper

Nov 30, 2022

Upper · Passed

Senate Committee on Environment and Public Works discharged by Unanimous Consent.

upper

Nov 15, 2021

Committee

Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.

upper

Nov 4, 2021

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363).(text: 11/3/2021 CR H6144)

lower

Nov 1, 2021

Lower · Passed

Reported by the Committee on Transportation and Infrastructure. H. Rept. 117-159.

lower

Jul 28, 2021

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

Jul 28, 2021

Lower · Passed

Subcommittee on Economic Development, Public Buildings, and Emergency Management Discharged.

lower

Mar 29, 2021

Committee

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

lower

Mar 26, 2021

Committee

Referred to the House Committee on Transportation and Infrastructure.

lower

Mar 26, 2021

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors