The REVAMP Act, also known as Bill 118 hr 8150, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to reform and modernize the federal government's approach to managing and ...
disposing of excess and underutilized real property.
The bill aims to streamline the process of selling or leasing federal properties that are no longer needed or are not being used efficiently. This would help the government save money by reducing maintenance costs and generating revenue from the sale or lease of these properties.
Additionally, the REVAMP Act seeks to improve transparency and accountability in the management of federal real property. It would require agencies to regularly report on the status of their real property holdings and provide updates on their efforts to dispose of excess properties.
Overall, the REVAMP Act is designed to promote more efficient and effective management of federal real property, ultimately saving taxpayer dollars and improving the overall functioning of the federal government.