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Streamlining Federal Property Sales and Management

This act aims to improve the management of government-owned properties, potentially leading to more efficient use of taxpayer money. Changes include better methods for selling and redeveloping buildings, and streamlining the operations of the body responsible for these actions. Citizens may benefit from improved management of public assets.
Key points
Introduces new, innovative methods for selling and redeveloping federal buildings, including using expert real estate services at no cost to taxpayers.
Changes the composition of the board responsible for property management, reducing the number of members from five to four.
Allows for the hiring of term employees and ensures civil service return for the executive director after their tenure.
Extends the board's operational period until the end of 2026, allowing more time to achieve its goals.
Requires government agencies to prepare plans for consolidating and reducing property usage, aiming for cost savings.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6277
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2023-11-07
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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

FASTA Reform Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6277.

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 2023-11-07.

What are the main provisions?

Key points include:

  • Introduces new, innovative methods for selling and redeveloping federal buildings, including using expert real estate services at no cost to taxpayers.
  • Changes the composition of the board responsible for property management, reducing the number of members from five to four.
  • Allows for the hiring of term employees and ensures civil service return for the executive director after their tenure.
  • Extends the board's operational period until the end of 2026, allowing more time to achieve its goals.
  • Requires government agencies to prepare plans for consolidating and reducing property usage, aiming for cost savings.
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 Rep. Perry, Scott [R-PA-10].

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 H1065-1066)

Is this summary verified?

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

CATEGORIES

Real Estate Public Investments Economy