This act 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 act applies to lease agreements that are entered into on or after January 1, 2021.
Read twice and referred to the Committee on Environment and Public Works.
Mr. Pappas moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H6144)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2220.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H6200)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363).(text: 11/3/2021 CR H6144)
Roll Call #363 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 416 - 4 (Roll no. 363). (text: 11/3/2021 CR H6144)
Roll Call #363 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.
Enacted as Public Law 117-257
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Senate Committee on Environment and Public Works discharged by Unanimous Consent.
Senate Committee on Environment and Public Works discharged by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S6912)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 117-257.
Became Public Law No: 117-257.