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H.R. 2220 (117th): To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

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The text of the bill below is as of Dec 2, 2022 (Passed Congress).

IB

One Hundred Seventeenth Congress of the United States of America

At the Second Session

Begun and held at the City of Washington on Monday, the third day of January, two thousand and twenty-two

H. R. 2220

AN ACT

To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.

1.

Limitation on discounted purchase options

Section 585 of title 40, United States Code, is amended by adding at the end the following:

(d)

Any bargain-price option to purchase at less than fair market value contained in any lease agreement entered into on or after January 1, 2021, pursuant to this section may be exercised only to the extent specifically provided for in subsequent appropriation Acts or other Acts of Congress.

.

Speaker of the House of Representatives.

Vice President of the United States and President of the Senate.