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SEC Leasing Authority Revocation and Federal Real Estate Report

This Act amends the leasing authority of the Securities and Exchange Commission (SEC). The SEC loses its independent authority to lease new general purpose office space; this task will now be handled by the Administrator (GSA). Additionally, the Act requires the Comptroller General to update a report regarding federal entities that possess independent leasing authority.
Key points
The Securities and Exchange Commission (SEC) is prohibited from independently leasing new general purpose office space.
Existing leases entered into by the SEC before the enactment of the Act remain valid.
The Comptroller General is required to submit a report updating information on federal entities with independent leasing authority.
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Status: Passed House
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Additional Information
Print number: 119_HR_189
Sponsor: Del. Norton, Eleanor Holmes [D-DC]
Process start date: 2025-01-03
System Note: Lustra is free, publicly auditable civic infrastructure — 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-3-pro-preview
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 119_HR_189.

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 2025-01-03.

What are the main provisions?

Key points include:

  • The Securities and Exchange Commission (SEC) is prohibited from independently leasing new general purpose office space.
  • Existing leases entered into by the SEC before the enactment of the Act remain valid.
  • The Comptroller General is required to submit a report updating information on federal entities with independent leasing authority.
What is the specific legal status?

The current status is Passed House.

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].

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 H104)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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 Government Operations