Congress·Passed House·H.R. 189

Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

SEC Office Leasing Authority Changes

Next up: The SenateNo action in 17 months

The Senate must act next: Senate consideration, where most legislation needs 60 votes to advance.

Legislative Progress

✓ House

Senate

President

Law

Could go either way

The bill passed the House with support but now faces the Senate committee process where many bills stall.

This bill takes away the power of the Securities and Exchange Commission to rent its own office space. From now on, the General Services Administration will handle all new building leases for the agency.
Any leases the agency already signed will not be affected by this change. The new rules only apply to future office space needs.
The bill also requires a deep dive into how other government agencies handle their own rent. A watchdog group will report on which agencies have this power and if they are using it wisely to save taxpayer money.
This move is part of an effort to centralize government building management. By having one agency handle most leases, the government hopes to get better deals and use space more efficiently.

Govbase has not yet run an impact analysis on this legislation.

4 milestones11 actions

Jan 14, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jan 13, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Jan 13, 2025House

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H104)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jan 13, 2025

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H104)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jan 13, 2025House

DEBATE - The House proceeded with forty minutes of debate on H.R. 189.

No votes, news coverage, or related bills recorded for this bill yet.

Document Type

Congressional Bill

Official Title

Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

Bill NumberHR 189

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.