This bill directs the Administrator of General Services to close, vacate, and sell six specific Federal office buildings in Washington, DC. Agencies in those buildings must move to other Federal buildings within 18 months of the bill becoming law. After those agencies leave, the Administrator must sell the buildings for fair market value at highest and best use within 2 years. The bill names these buildings: the Department of Agriculture South Building (1400 Independence Ave SW), the Hubert H. Humphrey Federal Building (200 Independence Ave SW), the Frances Perkins Federal Building (200 Constitution Ave NW), the James V. Forrestal Building (1000 Independence Ave SW), the Theodore Roosevelt Federal Building (1900 E Street NW), and the Robert C. Weaver Federal Building (451 7th Street SW).
The bill bars sales to any foreign person, foreign entity, or any entity with a foreign beneficial owner, using the definitions in the Secure Federal LEASEs Act. Net proceeds from the sales must first cover amounts the Administrator needs to carry out the section and be deposited into the Federal Buildings Fund; any remaining net proceeds must be deposited in the general fund of the Treasury to reduce the deficit. Money deposited to the Federal Buildings Fund may be spent only after a future, specific appropriation. The bill also prohibits buying or leasing other property to replace these buildings as part of the closings. Finally, the required sales are exempted from several laws and requirements, including the McKinney-Vento Homeless Assistance Act (section 501), the National Environmental Policy Act (NEPA), the National Historic Preservation Act (listed as division A of subtitle III of title 54), and chapters 5 and 87 of title 40, U.S. Code.
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