H.R. 189
Securities and Exchange Commission Real Estate Leasing Authority Revocation Act
In Plain Language
This bill takes away the SEC's power to lease its own office space and gives that job to the General Services Administration instead. Leases the SEC already has won't be affected. The bill also requires a government watchdog agency to review and update a 2016 report about independent leasing authorities and tell Congress what they find.
Official Congressional Research Service summary
Securities and Exchange Commission Real Estate Leasing Authority Revocation Act This bill revokes the authority of the Securities and Exchange Commission (SEC) to lease general purpose office space and instead provides for the General Services Administration to lease such space for the SEC. The bill's provisions do not affect those leases entered into by the SEC before this bill's enactment.The Government Accountability Office must (1) complete a review under which it shall update a 2016 report with respect to independent leasing authorities, and (2) report to Congress on the review.
Cosponsors
None listed
Latest action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 14, 2025
Official source
Action history
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