H.R. 189 · Passed House · Housing and Community Development

Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

Sponsor: Eleanor Holmes Norton (D-DC)

What it does

• Revokes the SEC's authority to lease general purpose office space on its own and transfers that power to the General Services Administration.
• Permits the SEC to keep leases it entered into before the bill becomes law unchanged.
• Requires the Government Accountability Office to update its 2016 report on independent leasing authorities and report findings to Congress.

Official 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.

Latest action

Jan 14, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee: Senate Banking, Housing, and Urban Affairs