S. 1398, Federal Real Property Asset Management Reform Act of 2013

Cost Estimate
November 1, 2013

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 31, 2013

S. 1398 would amend the Federal Property and Administrative Services Act (property act) to facilitate the disposal of federal real property. The legislation would expand the duties and responsibilities of the Federal Real Property Council (FRPC), provide new authorities to the General Services Administration (GSA), and establish a five-year pilot program with the goal of expediting the disposal of surplus federal property.

CBO estimates that enacting the bill would increase direct spending by $10 million over the 2014-2023 period because, for five years, it would authorize GSA to spend proceeds from the sale of federal property that are expected to be collected, but not spent, under current law. Because the legislation would affect direct spending, pay-as-you-go procedures apply. In addition, CBO estimates that, assuming the availability of appropriated funds, implementing S. 1398 would cost $3 million over the 2014-2018 period for additional administrative and reporting costs related to property disposal. Enacting S. 1398 would not affect revenues.

S. 1398 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.