Declares that it is the sense of the Congress that: (1) the United States must manage its assets in a manner more prudent and beneficial to the interests of the American people; (2) all executive branch agencies should inventory their assets, estimate the approximate value of each asset, and identify the uses to which each asset is put; (3) the President should then identify which assets are surplus to Federal needs and should be candidates for liquidation; (4) the President should submit recommendations to Congress on any legislative and administrative revisions that may be needed to carry out such a program of liquidation in an orderly manner; (5) the receipts of this program should be used only to restrain and ultimately reduce the national debt; and (6) the Comptroller General should investigate and recommend to Congress and each agency improved processes for managing Federal assets, estimating their value, and liquidating those which are unneeded.
Subcommittee Hearings Held.
Introduced in Senate
Referred to Senate Committee on Governmental Affairs.
Committee on Governmental Affairs requested executive comment from GSA; GAO; OMB; Council on Environmental Quality; Defense Department; HUD; Interior Department.
Committee on Governmental Affairs received executive comment from Council on Environmental Quality.
Committee on Governmental Affairs received executive comment from GAO.
Committee on Governmental Affairs. Hearings held.
Committee on Governmental Affairs. Hearings held.
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