[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7319 Enrolled Bill (ENR)]

        H.R.7319

                     One Hundred Fifteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
           the third day of January, two thousand and eighteen


                                 An Act


 
  To amend the Federal Assets Sale and Transfer Act of 2016 to provide 
   flexibility with respect to the leaseback of certain Federal real 
                    property, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. LEASEBACK RESTRICTION.
    Section 12(b)(4) of the Federal Assets Sale and Transfer Act of 
2016 (40 U.S.C. 1303 note; Public Law 114-287) is amended--
        (1) by inserting ``for a period of greater than 3 years'' 
    before the period at the end;
        (2) by striking ``None of the'' and inserting the following:
            ``(A) In general.--None of the''; and
        (3) by adding at the end the following:
            ``(B) Requirements.--A leaseback under this paragraph--
                ``(i) shall expire on or before the last day of the 3-
            year period beginning on the date of the sale of the 
            respective property;
                ``(ii) may not contain any options to extend or renew 
            the leaseback;
                ``(iii) may only be entered into once for purposes of 
            temporarily housing the Federal agency in the property at 
            the time of the sale; and
                ``(iv) shall only be for the purpose of facilitating 
            the sale of the respective property.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.