Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

# Securities and Exchange Commission Real Estate Leasing Authority Revocation Act (HR 189) — Summary **What the Bill Does** This bill removes the SEC's ability to directly lease office space and instead gives that responsibility to the General Services Administration (GSA), a federal agency that typically handles government real estate matters. Existing SEC leases would not be affected by this change—only future leasing would be handled differently. **Who It Affects** The bill primarily affects the SEC and the GSA. It may indirectly impact SEC operations by changing how the agency obtains office space, though the practical effects would likely be minimal since the GSA already manages real estate for most federal agencies.

Taxpayers could potentially be affected depending on whether consolidating leasing authority saves or costs money. **Key Provision and Status** The bill also requires the Government Accountability Office (GAO)—Congress's independent auditing agency—to review and update a previous 2016 report on independent leasing authorities and report back to Congress. The bill has already passed the House and is awaiting consideration in the Senate.