Bill 119 hr 775, also known as the "No Net Gain Act," aims to prevent the federal government from acquiring more land in any fiscal year. The bill seeks to ensure that there is no overall increase in federal land ownership, with the goal of limiting the size and scope of government-controlled land.
The legislation includes provisions that would require federal agencies to offset any new land acquisitions with an equal amount of land disposal. This means that if a federal agency acquires land for a new project or initiative, they must also sell or transfer an equivalent amount of land to maintain a balance in federal land ownership.
The bill also includes measures to streamline the process for disposing of federal land, making it easier for agencies to sell or transfer land that is no longer needed for government purposes. This is intended to reduce the overall amount of federal land and prevent unnecessary expansion of government-controlled land.
Overall, the No Net Gain Act is aimed at promoting responsible land management and ensuring that federal land ownership remains stable. By preventing the government from acquiring more land without offsetting disposals, the bill seeks to limit the size and influence of the federal government in land ownership.