Home > Legislation > 115th Congress > S.3031

S.3031 - Federal Personal Property Management Act of 2018115th Congress (2017-2018) |

Bill

Hide Overview
Sponsor: Sen. Peters, Gary C. [D-MI] (Introduced 06/07/2018)
Committees: Senate - Homeland Security and Governmental Affairs
Committee Reports: S. Rept. 115-343
Latest Action: House - 12/21/2018 Motion to reconsider laid on the table Agreed to without objection.  (All Actions)
Roll Call Votes: There has been 1 roll call vote

Tracker:

This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed Senate
  3. Passed House
  4. To President
  5. Became Law

More on This Bill

  • CBO Cost Estimates [0]

Subject — Policy Area:

Summary: S.3031 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.3031. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/07/2018)

Federal Personal Property Management Act of 2018

This bill requires the executive agencies and the General Services Administration (GSA) to carry out the following activities with respect to federal personal property management.

Each executive agency, in accordance with guidance from the GSA, must annually inventory and assess capitalized personal property in identifying excess property under the agency's control. Capitalized personal property items include those recorded on an agency's general ledger records as major investments or assets.

Each agency must also regularly inventory and assess accountable personal property under its control.

GSA may establish separate thresholds for acquisitions of personal property for which affected agencies shall capitalize and for which they shall establish and maintain property records in a centralized system.