Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

Hozzl · 2025-02-12T09:01:18Z

Explore the details of House Bill 189 Securities and Exchange Commission Real Estate Leasing Authority Revocation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

2/12/2025, 9:01 AM

Summary of Bill HR 189

Bill 119 hr 189 aims to make changes to title 40 of the United States Code, specifically targeting the leasing authority of the Securities and Exchange Commission (SEC). The bill seeks to eliminate the SEC's ability to enter into leases for office space or other facilities.

The rationale behind this proposed change is not explicitly stated in the bill, but it may be related to concerns about the cost-effectiveness of leasing arrangements for the SEC or a desire to streamline the agency's operations.

In addition to eliminating the SEC's leasing authority, the bill also includes provisions for other purposes, which are not specified in the summary. It is likely that these additional provisions are related to the SEC's operations or oversight responsibilities. Overall, Bill 119 hr 189 is a targeted piece of legislation that seeks to make specific changes to the SEC's leasing authority. The potential impact of this bill on the SEC's operations and budget would depend on the specifics of the leasing arrangements currently in place and how the agency would need to adjust its facilities management in response to the proposed changes.

Congressional Summary of HR 189

Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

This bill revokes the authority of the Securities and Exchange Commission (SEC) to lease general purpose office space and instead provides for the General Services Administration to lease such space for the SEC. The bill's provisions do not affect those leases entered into by the SEC before this bill's enactment.

The Government Accountability Office must (1) complete a review under which it shall update a 2016 report with respect to independent leasing authorities, and (2) report to Congress on the review.

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Current Status of Bill HR 189

Bill HR 189 is currently in the status of Introduced to Senate since January 14, 2025. Bill HR 189 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 189's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 14, 2025

Bipartisan Support of Bill HR 189

Total Number of Sponsors

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Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 189

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 189

To amend title 40, United States Code, to eliminate the leasing authority of the Securities and Exchange Commission, and for other purposes.To amend title 40, United States Code, to eliminate the leasing authority of the Securities and Exchange Commission, and for other purposes.

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