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SEC Real Estate Leasing Authority Revocation Act

This new act changes how the Securities and Exchange Commission (SEC) leases office space. The SEC will no longer be able to lease general purpose office space independently; instead, the Administrator will handle these leases. This aims to streamline government property management and potentially improve public spending efficiency, though the direct impact on citizens' daily lives is minimal.
Key points
The Securities and Exchange Commission (SEC) loses its independent authority to lease office space.
Office space leasing for the SEC will now be managed by the Administrator, centralizing property management.
The act does not invalidate or affect leases entered into by the SEC before its enactment.
A review of independent leasing authorities of other federal agencies will be conducted to assess their effectiveness.
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Expired
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Additional Information
Print number: 117_HR_1468
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]
Process start date: 2021-03-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1468.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-01.

What are the main provisions?

Key points include:

  • The Securities and Exchange Commission (SEC) loses its independent authority to lease office space.
  • Office space leasing for the SEC will now be managed by the Administrator, centralizing property management.
  • The act does not invalidate or affect leases entered into by the SEC before its enactment.
  • A review of independent leasing authorities of other federal agencies will be conducted to assess their effectiveness.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Del. Norton, Eleanor Holmes [D-DC-At Large].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 11 of H. Res. 1339, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1468, as amended; H.R. 5865; H.R. 5916, as amended; H.R. 7735, as amended; H.R. 7846; H.R. 7939, as amended; H.R. 8260, as amended; and S. 4205. (consideration: CR H7814-7822; text: CR H7814)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Real Estate Economy Public Investments