To amend the Defense Base Closure and Realignment Act of 1990 to improve the surplus property disposal process for closed or realigned military installations.

Amends the Defense Base Closure and Realignment Act of 1990 to: (1) require (currently, authorizes) the transfer to a local redevelopment authority (LRA) by the Secretary of Defense of real and personal property at a closed or realigned military installation, including existing housing units and real property designated for future housing units, to be without consideration (if the LRA takes certain steps); (2) remove the requirement that the Secretary seek to obtain consideration for such transfers with respect to military installations for which the date of approval of closure or realignment is after January 1, 2005; (3) remove the Secretary's authority to recommend that an installation be placed in an inactive status for national security or other U.S. interests; and (4) make the LRA the single community based organization responsible for monitoring Federal environmental remediation activities with respect to the installation.