Union Calendar No.
H. R. 2220
[Report No. 117–
IN THE HOUSE OF REPRESENTATIVES
March 26, 2021
Mr. Guest (for himself, Mr. Webster of Florida, and Mr. Pence) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure
August --, 2021
Committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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.
Limitation on discounted purchase options
Section 585 of title 40, United States Code, is amended by adding at the end the following:
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.