S. 3031Senate115th Congress (2017-2019)Enacted

Federal Personal Property Management Act of 2018

Introduced June 7, 2018

AI-Generated Summary

Updated April 15, 2026 at 10:26 PM UTC

The Federal Personal Property Management Act of 2018 updates federal law to make it easier for government agencies to track and manage the personal property they own. It requires agencies to regularly inventory both capitalized and accountable items and to set clear thresholds for when property must be capitalized or recorded in a central system. The changes affect all executive branch agencies that hold personal property.

Key Provisions

  • Mandates an annual inventory of capitalized personal property, assessing age, condition, how much the agency uses it, how essential it is to the agency’s mission, and any other relevant factors.
  • Requires regular inventories of accountable personal property with the same assessment criteria.
  • Adds a new rule that agencies must establish capitalization thresholds—specific dollar or value limits that determine when property must be recorded as a capital asset.
  • Adds a rule that agencies must set accountability thresholds and keep property records in a centralized system for items that meet those thresholds.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

19 earlier actions
Became Law Latest Action

Became Public Law No: 115-419.

January 3, 2019

View full timeline
SenateIntro Referral

Introduced in Senate

June 7, 2018

SenateIntro Referral

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

June 7, 2018

SenateCommittee

Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.

June 13, 2018

SenateCommittee

Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 115-343.

October 4, 2018

SenateCalendars

Placed on Senate Legislative Calendar under General Orders. Calendar No. 621.

October 4, 2018

SenateFloor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S7525-7526; text: CR S7525-7526)

December 12, 2018

HouseFloor

Received in the House.

December 13, 2018 • 1:07 PM

SenateFloor

Message on Senate action sent to the House.

December 13, 2018

HouseFloor

Held at the desk.

December 13, 2018 • 3:15 PM

HouseFloor

Mr. Walker moved to suspend the rules and pass the bill.

December 21, 2018 • 9:28 AM

HouseFloor

Considered under suspension of the rules. (consideration: CR H10526-10527)

December 21, 2018 • 9:28 AM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on S. 3031.

December 21, 2018 • 9:28 AM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

December 21, 2018 • 9:31 AM

HouseFloor

Considered as unfinished business. (consideration: CR H10536-10537)

December 21, 2018 • 10:37 AM

SenateFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 383 - 1 (Roll no. 481).(text CR H10526-10527)

December 21, 2018 • 10:41 AM

HouseFloor

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 383 - 1 (Roll no. 481). (text CR H10526-10527)

December 21, 2018 • 10:41 AM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

December 21, 2018 • 10:41 AM

President

Presented to President.

December 27, 2018

Became Law

Signed by President.

January 3, 2019

Became Law

Became Public Law No: 115-419.

January 3, 2019

Floor Debate

8 members

What members said about S. 3031 on the floor

5 Republicans3 Democrats
Eric Swalwell
Rep. Eric SwalwellD-CA-15 · Dec 21, 2018

Mr. Speaker, I missed some votes on Wednesday, December 19, all votes on Thursday, December 20, and some votes today. Had I been present, I would have voted as follows: Roll Call Vote Number 440…

Jamie Raskin
Rep. Jamie RaskinD-MD-8 · Dec 21, 2018

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I am rising in support of the Federal Personal Property Management Act, which would improve the accountability of unneeded…

F. James Sensenbrenner, Jr.
Rep. F. James Sensenbrenner, Jr.R-WI-5 · Dec 21, 2018

Mr. Speaker, due to unavoidable circumstances, I was physically absent from the House of Representatives on December 21, 2018. On that day, I missed 9 recorded votes. I submit for the Record how I…

Mark Walker
Rep. Mark WalkerR-NC-6 · Dec 21, 2018

Mr. Speaker, I move to suspend the rules and pass the bill (S. 3031) to amend chapter 5 of title 40, United States Code, to improve the management of Federal personal property. Mr. Speaker, I ask…

Bob Goodlatte
Rep. Bob GoodlatteR-VA-6 · Dec 21, 2018

Mr. Speaker, I was unavoidably detained. Had I been present, I would have voted ``yea'' on rollcall No. 475, ``yea'' on rollcall No. 476, ``yea'' on rollcall No. 477, ``yea'' on rollcall No. 478,…

Show 3 more
Cory Gardner
Sen. Cory GardnerR-CO · Dec 12, 2018

Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 621, S. 3031. I ask unanimous consent that the bill be considered read a third time and…

Joseph D. Morelle
Rep. Joseph D. MorelleD-NY-25 · Dec 21, 2018

Mr. Speaker, I regrettably missed the vote on S. 3191, the Civil Rights Cold Case Records Collection Act, on Friday, December 21, 2018. I had intended to vote ``yes'' on rollcall vote No. 482.

Thomas Massie
Rep. Thomas MassieR-KY-4 · Dec 21, 2018

Mr. Speaker, on that I demand the yeas and nays.

Bill Text

5 versions available

Reading Mode
Latest
Enrolled BillPublication date not provided

One Hundred Fifteenth Congress of the United States of America

2d Session

Begun and held at the City of Washington on Wednesday, the third day of January, two thousand and eighteen

S. 3031

AN ACT

To amend chapter 5 of title 40, United States Code, to improve the management of Federal personal property.

1.

Short title

This Act may be cited as the Federal Personal Property Management Act of 2018.

2.

Federal personal property management

(a)

Inventory assessing and identifying excess personal property

Section 524(a) of title 40, United States Code, is amended—

(1)

in paragraph (11), by striking and at the end;

(2)

in paragraph (12), by striking the period at the end and inserting ; and; and

(3)

by adding at the end the following:

(13)

in accordance with guidance from the Administrator of General Services—

(A)

on an annual basis, conduct an inventory and assessment of capitalized personal property to identify excess capitalized personal property under its control, including evaluating—

(i)

the age and condition of the personal property;

(ii)

the extent to which the executive agency utilizes the personal property;

(iii)

the extent to which the mission of the executive agency is dependent on the personal property; and

(iv)

any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate; and

(B)

on a regular basis, conduct an inventory and assessment of accountable personal property under its control, including evaluating—

(i)

the age and condition of the personal property;

(ii)

the extent to which the executive agency utilizes the personal property;

(iii)

the extent to which the mission of the executive agency is dependent on the personal property; and

(iv)

any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate.

.

(b)

Thresholds for capitalization and accountability

Section 506(a)(1) of title 40, United States Code, is amended by adding at the end the following:

(E)

Capitalization thresholds

Establish thresholds for acquisitions of personal property for which executive agencies shall capitalize the personal property.

(F)

Accountability thresholds

Notwithstanding section 121(b), for the management and accountability of personal property, establish thresholds for acquisitions of personal property for which executive agencies shall establish and maintain property records in a centralized system.

.

Speaker of the House of Representatives

Vice President of the United States and President of the Senate