Reported in House

[Congressional Bills 117th Congress] [From the U.S. Government Publishing Office] [H.R. 2220 Reported in House (RH)] Union Calendar No. 116 117th CONGRESS 1st Session H. R. 2220 [Report No. 117-159] 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. _______________________________________________________________________ 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 November 1, 2021 Reported from the Committee on Transportation and Infrastructure; committed to the Committee of the Whole House on the State of the Union and ordered to be printed _______________________________________________________________________ A 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. 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.''. Union Calendar No. 116 117th CONGRESS 1st Session H. R. 2220 [Report No. 117-159] _______________________________________________________________________ A 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. _______________________________________________________________________ November 1, 2021 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed