Leasing and Infrastructure Act of 2025

Summary

Gives the Department of Veterans Affairs independent authority to sign long‑term leases for major medical facilities and creates a dedicated Veterans Leasing Fund to pay those leases. It requires market‑based, standardized life‑cycle cost estimates, OMB scoring and funding consistent with federal budgeting rules, congressional notifications for cost overruns, and a revised VA procurement process to be developed and reported to Congress within 180 days.

• Gives VA independent authority to enter leases for major medical facilities without GSA delegation.
• Creates a Veterans Leasing Fund (Treasury revolving fund) to receive appropriations and pay lease obligations.
• Limits firm lease terms to 20 years unless an extension is authorized in the prospectus or by Congress.
• Requires market‑based, standardized life‑cycle cost estimates that include land, construction, and operating costs.
• Mandates OMB A‑11 consistent scoring and advance funding of lease obligations.
• Requires VA to notify Congress within 30 days if projected costs exceed estimates by more than 10% or exceed budget authority.
• Requires annual escalation adjustments and revalidation of cost estimates not awarded within one year.
• Directs a revised procurement process for major medical facility leases to be developed with GAO, OMB, and stakeholders and reported within 180 days.