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HR 2220 - 117

Enrolled Bill

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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Section 585 of title 40 1

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[Congressional Bills 117th Congress] [From the U.S. Government Publishing Office] [H.R. 2220 Enrolled Bill (ENR)] H.R.2220 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 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Sec. 1.

SECTION 1. LIMITATION ON DISCOUNTED PURCHASE OPTIONS.

SECTION 1. LIMITATION ON DISCOUNTED PURCHASE OPTIONS.
Sec. 585

Section 585 of title 40, United States Code, is amended by adding

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.
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