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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 4, 2021 (Passed the House).


IB

117th CONGRESS

1st Session

H. R. 2220

IN THE HOUSE OF REPRESENTATIVES

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.