Home > Legislation > 117th Congress > H.R.2220

H.R.2220 - To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.117th Congress (2021-2022) |

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Sponsor: Rep. Guest, Michael [R-MS-3] (Introduced 03/26/2021)
Committees: House - Transportation and Infrastructure | Senate - Environment and Public Works
Committee Meetings: 07/28/21 11:00AM
Committee Reports: H. Rept. 117-159
Latest Action: Senate - 11/15/2021 Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.  (All Actions)
Roll Call Votes: There has been 1 roll call vote

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.2220 — 117th Congress (2021-2022)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House (11/01/2021)

This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.