Federal Assets Sale and Transfer Act of 2016

(This measure has not been amended since it was passed by the House on May 23, 2016. The summary of that version is repeated here.) Federal Assets Sale and Transfer Act of 2016 (Sec. 4) This bill establishes the Public Buildings Reform Board to identify opportunities for the federal government to reduce significantly its inventory of civilian real property and reduce its costs. (Sec. 10) The Board shall terminate six years after enactment of this Act. (Sec. 11) Each federal agency shall submit to the General Services Administration (GSA) and the Office of Management and Budget (OMB): (1) current data on all federal civilian real properties owned, leased, or controlled by each agency; (2) recommendations on such properties that can be disposed of or outleased or that otherwise no longer meet agency needs or that can be transferred, exchanged, consolidated, co-located, reconfigured, or redeveloped; and (3) recommendations on operational efficiencies that the government can realize in its operation and maintenance of such properties. The OMB shall review agency recommendations, develop standards for reviewing such recommendations, and submit such standards and its recommendations to the Board. The OMB shall incorporate specified factors in developing such standards, including the extent and timing of potential costs and savings beginning with the date of completion of the proposed…

Congressional Research Service · 2016-12-16