FASTA Reform Act of 2024

The FASTA Reform Act of 2024 amends the Federal Assets Sale and Transfer Act of 2016 to streamline how the federal government sells, leases, or redevelops its real estate properties. It reduces the Federal Assets Sale and Transfer Board from five to four members, allows agencies to use "no cost, nonappropriated contracts" for expert real estate services to get better value for taxpayers, and requires the Board to notify local governments and federally recognized tribes seven days before finalizing property disposal reports. The bill extends the Board’s operational deadline to December 31, 2026, and adds requirements for agencies to include property usage data (like employee counts and campus details) in their recommendations. These changes directly affect federal agencies managing real estate, the Board, and communities near federal properties where disposal or redevelopment occurs.