117th Congress > House > Vote 362

Date: November 04, 2021

Result: 416-4 (Passed)

Clerk session vote number: 363

Sponsor: GUEST, Michael (R-MS)

Bill number: HR2220

Question: On Motion to Suspend the Rules and Pass

Description: To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes

Bill summary: This bill specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent Acts of Congress. The bill applies to lease agreements that are entered into on or after January 1, 2021.

Bill titles: To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

Links for more info on the vote: congress.gov

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