Federal Capital Revolving Fund Act of 2021
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 27, 2021
Last action May 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 27, 2021
Committee
Read twice and referred to the Committee on Environment and Public Works.
upper
May 27, 2021
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Van Hollen
DDemocratic
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