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Federal Capital Fund: Improving Public Buildings and Services

This act establishes a new fund to help government agencies finance large construction and modernization projects. This will allow important public facilities, such as offices or laboratories, to be built or renovated more quickly, potentially improving service quality and reducing long-term costs for taxpayers. The fund aims to provide stable financing for expensive investments that were previously difficult to budget for.
Key points
A $10 billion Federal Capital Revolving Fund is established for major federal investments, including building and facility modernization.
Government agencies can use the fund for upfront costs of projects worth at least $250 million, repaying the funds over up to 15 years.
The goal is to avoid short-term, more expensive solutions (e.g., leases) in favor of long-term investments, leading to savings and better public asset management.
The act aims to streamline budgeting for costly civilian facilities, ensuring their funding does not compete with smaller purchases and agency operating expenses.
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Additional Information
Print number: 117_S_1926
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-05-27
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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

Federal Capital Revolving Fund Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1926.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-27.

What are the main provisions?

Key points include:

  • A $10 billion Federal Capital Revolving Fund is established for major federal investments, including building and facility modernization.
  • Government agencies can use the fund for upfront costs of projects worth at least $250 million, repaying the funds over up to 15 years.
  • The goal is to avoid short-term, more expensive solutions (e.g., leases) in favor of long-term investments, leading to savings and better public asset management.
  • The act aims to streamline budgeting for costly civilian facilities, ensuring their funding does not compete with smaller purchases and agency operating expenses.
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 Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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