H.R. 7388

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7388 Referred in Senate (RFS)]

<DOC>
119th CONGRESS
2d Session
H. R. 7388

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

March 25, 2026

Received; read twice and referred to the Committee on Environment and 
Public Works

_______________________________________________________________________

AN ACT

To direct the Administrator of General Services to convene consultation 
meetings to identify alternative financing solutions for the 
construction of new public buildings that will reduce costs to the 
Federal Government, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Smart Space Act of 2026''.

SEC. 2. PROJECT RECOMMENDATIONS.

(a) Meetings and Consultations.--Not later than 90 days after the 
date of enactment of this Act, the Administrator of General Services 
shall convene consultation meetings to identify alternative financing 
solutions for the construction or renovation of public buildings, or 
necessary work to prepare such buildings for disposal that will reduce 
costs to the Federal Government.
(b) Meetings.--In convening consultation meetings under subsection 
(a), the Administrator shall include--
(1) experts related to private commercial real estate;
(2) experts related to Federal real estate; and
(3) if available, State, including the District of 
Columbia, real estate experts experienced with leveraging 
private financing for public buildings and facilities.
(c) Report and Recommendations.--Not later than 120 days after the 
date of enactment of this Act, the Administrator shall submit to the 
President--
(1) recommendations on types of public-private partnerships 
and alternative financing methods best suited for meeting the 
public building needs of the Federal Government; and
(2) a list of recommended projects related to public 
buildings for which such methods should be used with details on 
which methods and types of public-private partnerships are 
recommended for each project.
(d) Recommended Project List.--In submitting a list of recommended 
projects under subsection (c)(2), the Administrator shall submit 
projects that the Administrator determines--
(1) serve core missions of the Federal Government for which 
maintaining the functions in federally owned space over the 
long-term is critical;
(2) will result in either consolidations or relocations of 
Federal departments or agencies out of costly, inefficient, and 
underutilized space that the Administrator intends to sell or 
dispose of once vacated; and
(3) with respect to standard office space, will result in 
meeting a minimum building utilization of 60 percent or greater 
as defined in section 2302 of the Thomas R. Carper Water 
Resources Development Act of 2024 (40 U.S.C. 584 note).
(e) Transparency.--
(1) Report.--The Administrator shall submit the report 
under subsection (c) to the Committee on Transportation and 
Infrastructure in the House and the Committee on Environment 
and Public Works in the Senate and make such report publicly 
available on the website of the General Services 
Administration.
(2) Timeline.--The Administrator of General Services shall 
maintain on the website of the General Services Administration 
information on the process under this Act, including any 
timelines and milestones.
(3) Delays.--The Administrator shall report directly to the 
President and Congress any delays with respect to the timing 
and milestones described in paragraph (2).
(4) Meetings.--Meetings pursuant to subsection (a) shall be 
noticed and open to the public and shall not be subject to 
chapter 10 of title 5, United States Code.
(f) Definitions.--In this Act:
(1) Alternative financing; public-private partnership.--The 
terms ``alternative financing'' and ``public-private 
partnership'' may include--
(A) agreements that reflect an obligation by a non-
Federal entity to design, build, finance, operate, and 
maintain an asset, or a combination thereof; and
(B) a ground-lease to a non-Federal party with a 
subsequent lease back of the improvements.
(2) Public building.--The term ``public building'' has the 
meaning given such term in section 3301 of title 40, United 
States Code.

Passed the House of Representatives March 24, 2026.

Attest:

KEVIN F. MCCUMBER,

Clerk.