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- S.946
S.946: A bill 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.
About This Bill
- Introduced March 24, 2021
- Latest Major Action March 24, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 24, 2021
Bill Summary
This bill 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 bill applies to lease agreements that are entered into on or after January 1, 2021.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 24, 2021 |
Read twice and referred to the Committee on Environment and Public Works.
|
March 24, 2021 |
Introduced in the Senate by James Lankford (R-Okla.) |