DISPOSAL Act

S 3091, the DISPOSAL Act, requires the General Services Administration (GSA) to sell or lease for up to 99 years six specific Washington, D.C., federal buildings (including the Frances Perkins and James V. Forrestal Buildings) at fair market value. The bill mandates that GSA may relocate federal agencies occupying these buildings to other facilities, prohibits foreign ownership in any sale or lease, and exempts disposal from certain environmental and historic preservation laws. Proceeds from sales must first cover relocation costs (deposited into the Federal Buildings Fund) with excess funds going to reduce the deficit. The law expires on December 31, 2028, and includes limited authority to add up to 20 more underutilized buildings annually.