H.R. 2220: To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.
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H.R. 2220: To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.
117th Congress · introduced 2021-03-26 · Government Operations and Politics · Latest: Became Public Law No: 117-257.
federal
Follow this bill, step by step
- Where it came from: introduced 2021-03-26 · official record
- Who proposed it: Rep. Guest, Michael [R-MS-3] · what a sponsor is
- What happened next: 1 recorded vote in our records. Latest: House roll call 363 (2021): On Motion to Suspend the Rules and Pass, HR2220 (2021-11-04), Passed. See all
- Where it stands now: Became Public Law No: 117-257. (final step reached)
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.
Plain summary
This act specifies that a bargain-price purchase option (i.e., the option to purchase property at less than fair market value) in a lease agreement for a federal building may be exercised only to the extent the option is specifically provided for in subsequent acts of Congress. The act applies to lease agreements that are entered into on or after January 1, 2021.
Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
To amend title 40, United States Code, to modify the treatment of certain bargain-price options to purchase at less than fair market value, and for other purposes.
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The strongest published arguments
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Guest, Michael [R-MS-3] · 2 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Daniel Webster (R-FL)
Sponsor's campaign money: Rep. Guest, Michael [R-MS-3] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
Recorded votes
- House roll call 363 (2021): On Motion to Suspend the Rules and Pass, HR2220 (2021-11-04): Passed
Sources
- Congressional Research Service summary (Public Law)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr2220.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>
Record fed-us-cong117-hr2220 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117