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II
117TH CONGRESS
2D SESSION
H. R. 1468
IN THE SENATE OF THE UNITED STATES
SEPTEMBER 15, 2022
Received
AN ACT
To amend title 40, United States Code, to eliminate the
leasing authority of the Securities and Exchange Com-
mission, and for other purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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HR 1468 RDS
SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Securities and Ex-
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change Commission Real Estate Leasing Authority Rev-
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ocation Act’’.
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SEC. 2. LEASING OF SPACE FOR SECURITIES AND EX-
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CHANGE COMMISSION.
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(a) IN GENERAL.—Section 3304 of title 40, United
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States Code, is amended by adding at the end the fol-
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lowing:
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‘‘(e) LEASING OF SPACE FOR SECURITIES AND EX-
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CHANGE COMMISSION.—Notwithstanding any other provi-
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sion of law, on and after the date of enactment of this
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subsection, the Securities and Exchange Commission may
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not lease general purpose office space. The Administrator
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may lease such space for the Securities and Exchange
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Commission under section 585 and this chapter.’’.
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(b) LIMITATION ON STATUTORY CONSTRUCTION.—
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The amendment made by subsection (a) may not be con-
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strued to invalidate or otherwise affect a lease entered into
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by the Securities and Exchange Commission before the
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date of enactment of this Act.
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SEC. 3. INDEPENDENT LEASING AUTHORITIES.
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(a) IN GENERAL.—The Comptroller General of the
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United States shall submit to the Committee on Transpor-
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tation and Infrastructure of the House of Representatives,
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the Committee on Environment and Public Works of the
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HR 1468 RDS
Senate, and the Committee on Homeland Security and
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Governmental Affairs of the Senate a report on the review
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described in subsection (b).
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(b) REVIEW.—The Comptroller General shall com-
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plete a review under which the Comptroller General shall
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update the 2016 report of the Comptroller General (GAO–
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16–648) with a specific focus on the following:
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(1) Updating the information included in Ap-
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pendix II: Federal Entities That Reported Having
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Independent Leasing Authority for Domestic Offices
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and Warehouses of such report.
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(2) Determining to what extent Federal entities
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with independent leasing authorities have had such
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authorities rescinded or amended and the number
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and amount of office and warehouse space such enti-
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ties lease.
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(3) Determining to what extent have agencies
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with independent leasing authority utilized the Gen-
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eral Services Administration for leasing, including
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utilization of delegation of authority.
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(4) Identifying progress made on implementing
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the recommendations in such report.
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Passed the House of Representatives September 14,
2022.
Attest:
CHERYL L. JOHNSON,
Clerk.
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