To amend the Federal Assets Sale and Transfer Act of 2016 to make improvements to that Act, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill makes significant updates to the Federal Assets Sale and Transfer Act of 2016, which created a Board to recommend selling or consolidating underutilized federal buildings and properties. The amendments extend the Board's termination date to December 31, 2026, reduce quorum requirements, add a third round of property recommendations, and allow use of private real estate services at no cost to taxpayers.
Who Benefits and How
- Real estate services firms benefit from new provisions allowing federal agencies to use 'no cost, nonappropriated contracts for expert real estate services' to maximize property values, creating new business opportunities
- Commercial real estate developers benefit from expanded opportunities to purchase or redevelop federal properties through streamlined disposition processes
- Taxpayers potentially benefit from the goal of obtaining 'highest and best value' for surplus federal properties through innovative sales methods
- State/local governments and Indian Tribes receive 45-day advance notification of property recommendations, improving planning opportunities
Who Bears the Burden and How
- Federal agencies face expanded reporting requirements, including employee headcounts, acreage data, and consolidation plans
- General Services Administration (GSA) takes on additional coordination responsibilities with the Board and Federal Real Property Council
- Federal employees working at properties recommended for sale or consolidation may face workplace relocations
Key Provisions
- Extends the Board's termination date to December 31, 2026 and allows board member terms to continue until replacements are appointed
- Reduces quorum from 5 to 4 board members and protects Executive Director's civil service return rights
- Adds third round of property disposition recommendations with 45-day community notification requirement
- Requires additional property data including employee headcount, acreage, and campus/facility identification
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Amends the Federal Assets Sale and Transfer Act of 2016 to improve the process for selling, consolidating, and disposing of underutilized federal real property.
Key Policy Areas
Government Operations, Federal Property Management, Public Lands
Primary Purpose
Amends the Federal Assets Sale and Transfer Act of 2016 to improve the process for selling, consolidating, and disposing of underutilized federal real property.
Policy Domains
Section 2 - Amendments to FASTA 2016
Identified Gains
Contextual inference, no direct clause citation- Real estate services firms
- Commercial real estate developers
- Taxpayers
- State and local governments
- Indian Tribes
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal agencies
- General Services Administration
- Federal employees at affected properties
Contextual inference, no direct clause citation
Section 26 - Access to Federal Real Property Council
Identified Gains
Contextual inference, no direct clause citation- Public Buildings Reform Board
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal Real Property Council
Contextual inference, no direct clause citation
Sponsors
Kevin Cramer
R-ND | Primary Sponsor
Legislative Progress
ReportedReported by Mr. Carper, with an amendment
Mr. Cramer (for himself and Mr. Kelly) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Administrator of General Services, Federal Real Property Council, Federal agencies with real property holdings
Positive-direction: Public Buildings Reform Board, Public Buildings Reform Board members
Negative-direction: Administrator of General Services, Federal Real Property Council, Federal agencies with real property holdings, General Services Administration
Commercial real estate developers and investors, Commercial real estate services firms
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_board"
- → Public Buildings Reform Board (PBRB)
- "the_administrator"
- → Administrator of General Services
- "the_director_of_omb"
- → Director of Office of Management and Budget
- "the_executive_director"
- → Executive Director of the Board
- "the_board"
- → Public Buildings Reform Board (PBRB)
- "federal_real_property_council"
- → Federal Real Property Council
Key Definitions
Terms defined in this bill
Properties exempt from Board review, amended to include 'other than office buildings and warehouses' after 'Properties'
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology