New Federal Building Outlease Rules: Transparency and Prohibitions for Officials
This act introduces new rules for outleasing certain large federal buildings to private entities. It aims to increase transparency and prevent conflicts of interest by prohibiting top government officials and members of Congress from entering into such leases. The bill also establishes a mechanism for Congressional review of these agreements.
Key points
Requires disclosure of foreign ownership interests in companies entering into covered leases for federal buildings.
Prohibits the President, Vice President, heads of Executive agencies, and Members of Congress from entering into covered outleases.
Requires submission of the lease to Congress before it takes effect, allowing Congress to pass a joint resolution of disapproval.
Mandates the GSA Administrator to develop standard clauses for agreements, including provisions authorizing audits.
Expired
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