Description:
S. 2509 would amend federal laws related to managing federal property. Specifically the legislation would require the United States Postal Service (USPS) to prepare a physical and financial assessment for each of its properties. In addition, the bill would codify and expand the duties and responsibilities of the Federal Real Property Council (FRPC), provide new authorities to the General Services Administration (GSA), and require additional reports from federal agencies on their use of real property, whether owned or leased.
CBO estimates that enacting the bill would increase direct spending by the USPS by $15 million over the 2017-2021 period. USPS cash flows are classified as off-budget. Because enacting the legislation would affect only direct spending that is off-budget and would not affect revenues, pay-as-you-go procedures do not apply.
In addition, CBO estimates that implementing S. 2509 would cost federal agencies $3 million over the 2017-2021 period for additional administrative and reporting activities related to property disposal; such spending would be subject to the availability of appropriated funds.
CBO estimates that enacting S. 2509 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
S. 2509 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.
