SMART Leasing Act

1/3
Status Received in Chamber
Sponsor Gary Peters
Citation 117-S-2793
Actions 9
Introduced Sep 22nd, 2021
Cosponsors
2 1
Last Action Dec 20th, 2022
Policy Area
Introduced Senate Sep 22
Senate Passed Dec 15
House
President
Enacted

Summary

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What this bill does

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Saving Money and Accelerating Repairs Through Leasing Act or the SMART Leasing Act This bill authorizes the General Services Administration (GSA) to establish a pilot program that allows federal agencies to lease underutilized properties with GSA approval and to use the rent payments to help fund capital projects and facilities maintenance. The GSA may not enter into a lease under the pilot program unless it certifies that the lease will not have a negative impact on its mission or that of the applicable federal agency. The bill provides for a maximum of six leases under the program during each fiscal year, with a term of up to 15 years.

Actions

9
Senate House
INTRODUCED
INTRODUCED
Sep 22, 2021
ON FLOOR
REFERRED TO COMMITTEE
COMMITTEE
COMMITTEE ORDERED TO REPORT
Nov 3, 2021
COMMITTEE
COMMITTEE REPORT FILED AMENDED SUBSTITUTE
Sep 13, 2022
PLACED ON CALENDAR
PLACED ON CALENDAR
ON FLOOR
VOTE
PASSAGE
Dec 15, 2022
PASSED SENATE
MESSAGE SENATE SENT TO HOUSE
Dec 16, 2022
RECEIVED IN CHAMBER
RECEIVED IN CHAMBER
Dec 20, 2022
RECEIVED IN CHAMBER
HELD AT DESK
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Cost Estimates

1

Nonpartisan fiscal analysis from the Congressional Budget Office. Click any estimate to read the full report on cbo.gov.