Securities and Exchange Commission Real Estate Leasing Authority Revocation Act
This bill prohibits the Securities and Exchange Commission (SEC) from leasing general-purpose office space directly after enactment, requiring it to instead use the General Services Administration (GSA) for all such leases under specified federal leasing authorities. It directly affects the SEC, mandating a shift from its current independent leasing authority to the centralized GSA process. The key mechanism is an amendment to federal law that revokes the SEC's existing leasing power for office space while preserving pre-enactment leases. The bill also directs a review of other federal agencies' leasing authorities but focuses primarily on ending the SEC's direct leasing capability.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2023
Committee Review
Jan 2023
House Passage
Jan 2023
Senate Passage
President
Introduced Jan 17, 2023
Last action Jan 26, 2023
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
10
Key actions
1
Committee
2
Jan 26, 2023
Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jan 25, 2023
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H297)
lower
Jan 17, 2023
Committee
Referred to the House Committee on Transportation and Infrastructure.
lower
Jan 17, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Eleanor Holmes Norton
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 388
Scope: US
Hi! I can help you understand HR 388. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline