To direct the Administrator of General Services to submit a report to Congress on the state of the real estate portfolio of the Public Building Service, and for other purposes.
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The bill would require the General Services Administration to submit an annual report to Congress detailing the size, occupancy, costs, and disposals within the Public Building Service's vast real estate portfolio.
It would give lawmakers a recurring, standardized picture of how the federal government's largest landlord manages office space, leases, and building sales, at a time when federal office vacancy has drawn scrutiny.
What this bill would do
What it would do
The bill would direct the Administrator of General Services to submit an annual report, due each January 31, to the House Committee on Transportation and Infrastructure and the Senate Committee on Environment and Public Works on the state of the Public Building Service's real estate portfolio for the prior calendar year. The Public Building Service manages office space on behalf of more than 100 federal agencies. The report would have to cover specific metrics: leases signed and terminated, total leased spaces, square footage leased, occupied, and vacant, buildings owned, top customers by space and rent, completed construction and repair projects, financial indicators like cost-avoidance and deferred maintenance, disposed buildings, and relocation plans for agencies losing federally owned or leased space, including who pays and whether the move was requested.
Key provisions
- 1Would require the GSA Administrator to submit an annual report on the Public Building Service's real estate portfolio by January 31 each year
- 2Would require the report to detail leases signed and terminated, total leased spaces, and square footage leased, occupied, and vacant
- 3Would require disclosure of buildings owned, top customers by space and rent, and completed construction or repair projects
- 4Would require financial indicators on space utilization, operating costs, cost-avoidance from disposals, and deferred maintenance liabilities
- 5Would require disclosure of federal buildings disposed of and relocation plans for agencies losing space, including funding and whether relocation was requested
Who would be affected
The General Services Administration and its Public Building Service, which owns or leases hundreds of millions of square feet across thousands of buildings, along with the House and Senate committees that oversee federal property. Federal agencies that lease or occupy GSA-managed space, as tenants named in the reporting, are also indirectly affected.
Why it matters
Lawmakers would gain a standardized, recurring dataset on federal office vacancy, leasing costs, and building disposals, which could inform decisions about downsizing or reinvesting in the federal real estate footprint. Agencies facing relocation from disposed or non-renewed space would have clearer visibility into planning and funding for those moves.
What would change
Agencies directed to act
Effective dates
- Annual report on the Public Building Service real estate portfolio
Funding and costs
Congressional Budget Office estimate
CBO estimates H.R. 6480 would cost less than $500,000 over the 2026–2030 period, with no effect on direct spending, revenues, or the deficit.
CBO estimates that H.R. 6480, which would require the General Services Administration (GSA) to annually report to Congress on its real estate portfolio — covering leases, square footage, owned buildings, construction and repair, disposals, and relocations — would have no effect on direct spending (mandatory spending), revenues, or the federal deficit. The only estimated cost is administrative: less than $500,000 over the 2026–2030 period for compiling the required information, and that spending would be subject to future congressional appropriations (discretionary funding). CBO found no intergovernmental or private-sector mandates in the bill.
How implementation would work
The General Services Administration would compile portfolio data annually and submit it to two congressional committees by January 31 each year. The report would need to track a defined set of metrics—leasing activity, occupancy, financial indicators, disposals, and relocation plans—likely drawing on the agency's existing property management and financial systems. No enforcement mechanism, penalty, or independent verification process is specified beyond the reporting requirement itself.
Legislative status & sources
Latest action
Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.
Official CRS summary
Show the CRS summaryHide the CRS summary
This bill requires the General Services Administration to annually report to Congress on the state of the Public Building Service's real estate portfolio for the previous calendar year. (The Public Building Service acquires, manages, and disposes of space on behalf of more than 100 federal agencies. Currently, it owns or leases 359 million square feet in more than 8,500 buildings.)
The report must include certain information about the portfolio, including the number of buildings owned, completed new construction, top customers, and the total number of leased spaces.
Legislative subjects
Congressional oversight; Government Operations and Politics; Government buildings, facilities, and property; Lease and rental services; Real estate business
Committee report
H. Rept. 119-545