A bill to amend the Federal Property and Administrative Services Act of 1949, as amended, to provide for the assignment of surplus real property to executive agencies for disposal, and for other purposes.

Authorizes, under the Federal Property and Administrative Services Act of 1949, as amended, the assignment of surplus real property to executive agencies for disposal in areas of substantial, consistent, and persistent unemployment.

Provides for the administration of property transfers under this Act. (Amends 40 U.S.C. 484)