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.

Bill 117 HR 2220, also known as the "Fair Market Value Act," aims to amend title 40 of the United States Code in order to change how certain bargain-price options to purchase at less than fair market value are treated. The bill seeks to address concerns regarding the valuation of these options and ensure that they are not being exploited for financial gain.

Specifically, the bill proposes modifications to the treatment of bargain-price options in order to more accurately reflect their true value. This includes establishing guidelines for determining fair market value and implementing measures to prevent abuse of these options.

Additionally, the bill includes provisions for other purposes related to the treatment of bargain-price options, with the overall goal of promoting fairness and transparency in the valuation process. Overall, Bill 117 HR 2220 seeks to address issues surrounding the treatment of certain bargain-price options in order to ensure that they are valued appropriately and not used for improper financial gain.