II
117th CONGRESS
1st Session
S. 946
IN THE SENATE OF THE UNITED STATES
March 24, 2021
Mr. Lankford (for himself and Mr. Peters) introduced the following bill; which was read twice and referred to the Committee on Environment and Public Works
A BILL
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.
Limitation on discounted purchase options
Section 585 of title 40, United States Code, is amended by adding at the end the following:
Limitation on discounted purchase options
Any bargain-price option to purchase at less than fair market value contained in any lease agreement entered into on or after January 1, 2021, pursuant to this section may be exercised only to the extent specifically provided for in subsequent appropriation Acts or other Acts of Congress.
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