Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Summary
The bill directs the General Services Administration to dispose of six designated federal office buildings in D.C., either by selling them at fair market value or by granting ground leases of up to 99 years. It also establishes rules for relocating any agencies that occupy those buildings, prohibits sales or leases to foreign persons or entities, and earmarks net proceeds for a federal buildings fund and the Treasury. The goal is to reduce excess federal property and capture revenue.
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