Hearing on Federal Agency Leasing Oversight
January 1, 2017
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The Frame
The committee estimates that improved lease negotiations could save taxpayers $500 million annually, and this hearing explores extending oversight to agencies currently exempt from standard federal real estate reporting requirements.
Potentially affected actors named in the source documents. Mention is not a position.
Federal agencies with independent leasing authority
These agencies are the subject of a GAO review and potential future oversight or reporting requirements.
General Services Administration (GSA)
The GSA is working with the committee to implement new leasing tools and reduce the federal real estate footprint.
Taxpayers
Taxpayers are affected by the potential $500 million in annual savings identified by the committee through improved lease negotiations.
Last recorded activity January 1, 2017.
Next step not available in the current record.
Summary
Key Facts
- The subcommittee is investigating over 50 federal agencies that possess independent authority to lease office and warehouse space.
- Approximately half of these independent agencies are not required to comply with OMB directives regarding space reduction.
- Many independent agencies do not report their lease data to the governmentwide Federal real property database.
- The committee estimates that negotiating better lease deals could save taxpayers $500 million annually.
- The House passed H.R. 4487, the Public Buildings Reform and Savings Act, to provide the GSA with tools for more effective lease management.
- The committee requested a formal review from the GAO regarding the leasing practices of these independent agencies.
Why It Matters
The committee estimates that improved lease negotiations could save taxpayers $500 million annually, and this hearing explores extending oversight to agencies currently exempt from standard federal real estate reporting requirements.
Frequently Asked Questions
Why are some federal agencies allowed to lease their own space?
What is the main concern regarding these independent leases?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Consolidation of Leasing Oversight
The committee is actively moving to reduce the number of agencies operating outside of GSA leasing oversight to improve fiscal accountability.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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