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H.R. 1468: Securities and Exchange Commission Real Estate Leasing Authority Revocation Act


The text of the bill below is as of Mar 1, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 1468

IN THE HOUSE OF REPRESENTATIVES

March 1, 2021

introduced the following bill; which was referred to the Committee on Transportation and Infrastructure

A BILL

To amend title 40, United States Code, to eliminate the leasing authority of the Securities and Exchange Commission, and for other purposes.

1.

Short title

This Act may be cited as the Securities and Exchange Commission Real Estate Leasing Authority Revocation Act.

2.

Leasing of space for Securities and Exchange Commission

(a)

In general

Section 3304 of title 40, United States Code, is amended by adding at the end the following:

(e)

Leasing of space for Securities and Exchange Commission

Notwithstanding any other provision of law, on and after the date of enactment of this subsection, the Securities and Exchange Commission may not lease general purpose office space. The Administrator may lease such space for the Securities and Exchange Commission under section 585 and this chapter.

.

(b)

Limitation on statutory construction

The amendment made by subsection (a) may not be construed to invalidate or otherwise affect a lease entered into by the Securities and Exchange Commission before the date of enactment of this Act.