Referred in Senate

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

SECTION 1. LIMITATION ON DISCOUNTED PURCHASE OPTIONS.

SECTION 1. LIMITATION ON DISCOUNTED PURCHASE OPTIONS.

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.''. Passed the House of Representatives November 4, 2021. Attest: CHERYL L. JOHNSON, Clerk.