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S. 1869, Secure Federal LEASEs Act (CBO Report for Congress)

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Congress 116th
Date Requested June 19, 2019
Requested By Senate Committee on Homeland Security and Governmental Affairs
Date Sent Aug. 9, 2019
Description:
S. 1869 would require the General Services Administration (GSA) to identify a building’s owners before entering into a lease agreement for a facility that requires high security. The bill also would require entities leasing high-security properties to the government to identify the property’s owners and to update that information annually. Information from GSA indicates that the federal government leases around 1,300 high-security facilities and that more than 60 percent of those leases will expire by the end of 2024. Using information from GSA and the Government Accountability Office, CBO estimates that requiring GSA to collect and provide ownership information would cost less than $500,000 annually and $2 million over the 2020-2024 period. Any spending would be subject to the availability of appropriated funds.

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