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Acre In, Acre Out Act

Source: Congress.gov  ·  580 words in original text
This bill requires the federal government to maintain a "no net increase" in the total amount of land owned by four federal agencies. Whenever the Secretary of the Interior or Secretary of Agriculture buys new land for the National Park Service, Fish and Wildlife Service, Bureau of Land Management, or Forest Service, they must sell an equal number of acres from one of those same agencies. The money from selling the land goes toward reducing the national debt.
The Secretary of the Interior, the Secretary of Agriculture, the National Park Service, the United States Fish and Wildlife Service, the Bureau of Land Management, and the Forest Service.
- When these federal agencies acquire land that would increase their total acreage, the responsible Secretary must offer an equal number of acres for sale under the same agency's jurisdiction (Sec. 2(a)) - Easements (rights to use land) acquired by either Secretary to manage federal lands are exempt from this requirement (Sec. 2(b)) - Land offered for sale must be priced at fair market value based on comparable local sales, and the price drops 10 percent each month if unsold after 6 months (Sec. 2(c)) - All money earned from selling land goes directly to the U.S. Treasury to reduce the national debt (Sec. 2(e)) - Land sales remain subject to valid existing rights held by other parties (Sec. 2(d))
Federal agencies can no longer expand their total land holdings without selling off equal acreage. Land sales will follow a specific pricing structure that decreases monthly if properties remain unsold.
None defined in the bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.