Securities and Exchange Commission Real Estate Leasing Authority Revocation Act

This bill stops the Securities and Exchange Commission (SEC) from signing new general office leases. Instead, the General Services Administration (GSA) will handle office leasing for the SEC. Any current SEC leases stay in place and are not changed by this bill.

It also directs the Government Accountability Office (GAO) to revisit a 2016 report on agencies that can lease their own space. The review must update which agencies have this power, see if any powers were changed, measure how much office and warehouse space they lease, check how often agencies use GSA for leasing, and report progress on earlier recommendations to Congress.

• Who is affected: SEC, GSA, and GAO (the Comptroller General)
• What changes: SEC can’t sign new general office leases; GSA will do it; existing SEC leases are not touched
• Oversight: GAO must update the 2016 report and report findings to Congress about agencies’ leasing powers and use of GSA