S. 1926 · 117th Congress
Federal Capital Revolving Fund Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
Van HollenSponsorNo cosponsors.
This bill establishes the Federal Capital Revolving Fund to support the acquisition of facilities for federal agencies.
What it does: CRS summary · Introduced in Senate · May 27, 2021
Federal Capital Revolving Fund Act of 2021
This bill establishes the Federal Capital Revolving Fund to support the acquisition of facilities for federal agencies.
Specifically, the fund supports facility acquisition projects that cost $250 million or more, including purchase, construction, and lease-purchase options. Agencies must submit requests for funds to specified congressional committees and the General Services Administration, as appropriate; the receipt of funds is also contingent on specific legislative approval and appropriations for repayments. Agencies must make repayments to the fund at least annually for an agreed-upon term, but for no longer than 15 years.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Federal Capital Revolving Fund Act of 2021
Latest action (May 27, 2021): Read twice and referred to the Committee on Environment and Public Works.
Policy area: Government Operations and Politics · Origin: Senate · Introduced: May 27, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.