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H.R. 2220: 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.


The text of the bill below is as of Nov 15, 2021 (Referred to Senate Committee).


IIB

117th CONGRESS

1st Session

H. R. 2220

IN THE SENATE OF THE UNITED STATES

November 15, 2021

Received; read twice and referred to the Committee on Environment and Public Works

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.

.

Passed the House of Representatives November 4, 2021.

Cheryl L. Johnson,

Clerk