A bill to amend the Public Buildings Act of 1959 relating to leases, alterations, and exchanges, and for other purposes.

Amends the Public Buildings Act of 1959 to require approval by the appropriate congressional committees before: (1) leasing space in a building at a rate in excess of $500,000; (2) altering leased premises which involves more than $250,000 worth of alterations; (3) acquiring a public building by exchange of property worth more than $500,000; (4) reducing the amount of space in an approved project by more than ten percent.

Amends the Public Buildings Act of 1949 to prohibit naming a public building after any individual, living or dead.