A bill to amend section 207(c)(1) of the Federal Property and Administrative Services Act of 1949, as amended, to change the criteria therein so that the provisions of section 207 shall not apply to disposals of surplus real property having an estimated fair market value less than $1,000,000.

Amends the Federal Property and Administrative Services Act of 1949 to provide that provisions prohibiting an executive agency from disposing of any real property to a private interest until the Attorney General has advised the agency on antitrust considerations shall not apply to the disposal of real property which has an estimated appraised fair market value (currently a total government investment) of less than $1,000,000.