Implementation of Denham bill to sell unneeded federal properties examined in T&I Committee hearing
WASHINGTON – The U.S. House of Representatives Committee on Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management today held a hearing to examine the implementation of the Federal Assets Sale and Transfer Act (FASTA).
“We have before us an opportunity to consolidate federal assets and sell high-value underutilized or vacant properties to reduce the size of the federal footprint,” said U.S. Rep. Jeff Denham (R-Turlock). “I am proud of the progress we have made through FASTA and look forward to continued success for American taxpayers.”
Authored by Rep. Denham and signed into law Dec. 16, 2016, FASTA will save taxpayers up to $8 billion by selling or redeveloping underutilized, high-value federal properties. According to the General Services Administration, the government currently owns more than 267,000 buildings, comprising 2.8 billion square feet of space, and in 2015 23 federal agencies reported over 7,000 excess and underutilized properties.
FASTA establishes the independent, presidentially-appointed Public Buildings Reform Board, which will serve a term of six years, whose responsibility is to identify underutilized and vacant properties to sell and make public recommendations to the Office of Management and Budget. FASTA also reforms management of the federal properties database to ensure government transparency and accountability through a publicly-available, comprehensive listing of federal properties.