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SEC Real Estate Leasing Authority Revocation Act

This 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; this task will be handled by the Administrator of General Services. For citizens, this could mean more centralized and efficient management of government properties, potentially impacting public spending.
Key points
The Securities and Exchange Commission (SEC) loses its independent authority to lease office space.
Leasing of office space for the SEC will now be handled by the Administrator of General Services.
The act does not invalidate or affect leases entered into by the SEC before its enactment.
A review of independent leasing authorities held by other federal agencies will be conducted.
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Status:
Expired
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Additional Information
Print number: 118_HR_388
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]
Process start date: 2023-01-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 118_HR_388.

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 2023-01-17.

What are the main provisions?

Key points include:

  • The Securities and Exchange Commission (SEC) loses its independent authority to lease office space.
  • Leasing of office space for the SEC will now be handled by the Administrator of General Services.
  • The act does not invalidate or affect leases entered into by the SEC before its enactment.
  • A review of independent leasing authorities held by other federal agencies will be conducted.
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: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H297)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Economy Public Investments