Bill · H.R. 189· House(119-HR-189)
Securities and Exchange Commission Real Estate Leasing Authority Revocation Act
- Introduced
- 1/3/2025
- Last activity
- 1/14/2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Eleanor Norton
- Cosponsors
- None
- Introduced
- Passed House
- In Senate committee
What this bill would do
This Act, known as the "Securities and Exchange Commission Real Estate Leasing Authority Revocation Act," aims to change how the SEC handles office space. It amends title 40 of the United States Code to stop the Securities and Exchange Commission from leasing general purpose office space. Instead, the Administrator may lease space for the SEC under specific existing sections and chapters. Additionally, the bill requires the Comptroller General to conduct a specific review. This review focuses on federal entities that have independent leasing authority for offices and warehouses.
Yes
Does this make the government pay for what it commits to?+3
The bill mandates a GAO review of independent leasing authorities to ensure more controlled and transparent use of federal funds.
Does this make what the government does easier for the public to see?+3
The bill requires a Comptroller General review to track how federal entities utilize independent leasing authorities and how they utilize the GSA.
Does this reduce what the federal government spends?+2
The bill limits the SEC's independent leasing authority, which centralizes leasing through the Administrator to increase oversight of federal spending.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Restriction of SEC Leasing Authority: By amending section 3304 of title 40, the bill prevents the Securities and Exchange Commission from leasing general purpose office space, shifting that responsibility to the Administrator under specific guidelines (Sec. 2, subsection a).
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Increased Oversight and Reporting: The Comptroller General is required to perform a review that includes updating information on federal entities with independent leasing authority and determining how much space those entities lease (Sec. 3, subsection b).
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Accountability via Progress Tracking: The required review will identify the progress made on implementing recommendations from a previous 2016 report (Sec. 3, subsection b, paragraph 4).
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not explicitly list any negative consequences or burdens for individuals or groups of people.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Fiscal Responsibility+3Reduces Government Spending+2
- Governance And Ideology
- Improves Government Transparency+3
- 1/14/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1/13/2025
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H104)
- On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H104)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 189.
- Considered under suspension of the rules. (consideration: CR H104-105)
- Mr. Graves moved to suspend the rules and pass the bill.
- 1/4/2025
- Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
- 1/3/2025
- Sponsor introductory remarks on measure. (CR E1)
- Referred to the House Committee on Transportation and Infrastructure.
- Introduced in House