{"format":1,"id":"117-hr-2220","congress":117,"number":"H.R. 2220","kind":"bill","group":"bills","title":"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.","title_source":"Display Title","official_title":"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.","titles":[{"type":"Official Title as Introduced","title":"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."},{"type":"Display Title","title":"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."}],"outcome":"became_law","law_number":"Public Law 117-257","introduced":"2021-03-26","chambers":{"house":{"status":"roll_call","date":"2021-11-04","vote":{"id":"117-2021-h363","question":"On Motion to Suspend the Rules and Pass","title":"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","result":"Passed","yea":416,"nay":4,"present":0,"not_voting":13,"source":"https://clerk.house.gov/evs/2021/roll363.xml"}},"senate":{"status":"voice","date":"2022-11-30","vote":null,"how":"unanimous_consent","words":"Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent."}},"president":{"status":"signed","date":"2022-12-21"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 117-257.","date":"2022-12-21"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2022-12-21","stage":"Public Law","blocks":[{"k":"p","t":"This act specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The act applies to lease agreements that are entered into on or after January 1, 2021."}],"words":62},"summary":{"main_subject":{"text":"Limits when a bargain-price option to purchase at less than fair market value, contained in certain federal lease agreements, may be exercised.","cites":[{"label":"Sec. 1","href":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text/enr#H99F2A2255D224F5D9E8CA4B82D3B39B2:~:text=1.%20Limitation%20on%20discounted%20purchase%20options"}]},"core_areas":["Bargain-price purchase options in federal property leases under title 40, United States Code"],"what_it_does":[{"text":"Amends section 585 of title 40, United States Code, by adding a new subsection (d) at the end.","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text/enr#H99F2A2255D224F5D9E8CA4B82D3B39B2:~:text=1.%20Limitation%20on%20discounted%20purchase%20options"}},{"text":"Covers any bargain-price option to purchase at less than fair market value that is contained in a lease agreement entered into under that section on or after January 1, 2021.","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text/enr#H99F2A2255D224F5D9E8CA4B82D3B39B2:~:text=1.%20Limitation%20on%20discounted%20purchase%20options"}},{"text":"Allows such an option to be exercised only to the extent it is specifically provided for in subsequent appropriation Acts or other Acts of Congress.","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text/enr#H99F2A2255D224F5D9E8CA4B82D3B39B2:~:text=1.%20Limitation%20on%20discounted%20purchase%20options"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/house-bill/2220","text":"https://www.congress.gov/bill/117th-congress/house-bill/2220/text"},"card":{"image":"card/item/117-hr-2220.png","v":"8f5011d2c93a","alt":"Votes on Record. H.R. 2220, 117th Congress: 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. House: 416 Yea, 4 Nay. Senate: unanimous consent. Outcome: Became law, 21 Dec 2022."}}