PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 25 · Reported to Senate · May 30, 2023
Saving Money and Accelerating Repairs Through Leasing Act or the SMART Leasing Act
This bill authorizes the General Services Administration (GSA) to establish a pilot program that allows federal agencies to lease underutilized properties with GSA approval and to use the rent payments to reduce the deficit and help fund capital projects and facilities maintenance.
The GSA may not enter into a lease unless it certifies that the lease will not have a negative impact on its mission or that of the applicable federal agency.
Showing the opening paragraphs of the official summary.
The bill provides for a maximum of six leases under the program during each fiscal year, with a term of up to 15 years.
Of collected funds that are not used to cover costs in connection with the lease, 50% shall be deposited in a working capital account and remain available until expended for maintenance, capital revitalization, and improvements, and 50% deposited in the Treasury's general fund for deficit reduction.
The GSA may not enter into a lease under the pilot program with any individual or entity that
intends to carry out, under the lease, activities that are illegal to conduct in federal facilities or under federal law or activities for which federal funding is prohibited;
is a political organization;
is owned, operated, or controlled by a foreign government; or
received any federal grant, contract, or award from the applicable federal agency engaged in the lease that is still in the performance period.
No lease entered into under the pilot program may be used to carry out lobbying activities.
People & committees
Sen. Peters, Gary C. [D-MI] · D–MI
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Held at the desk.
Received in the House.
Message on Senate action sent to the House.
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S5835-5836; text: CR S5835-5836)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent. (consideration: CR S5835-5836; text: CR S5835-5836)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 81.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-35.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-35.
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: May 27, 2025. Consult Congress.gov for the current record.
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