Pub. L. 115-419 - Federal Personal Property Management Act of 2018

115th Congress

Affects: 40 U.S.C. §§ 506, 524

SECTION 1. SHORT TITLE.

This Act may be cited as the “Federal Personal Property Management Act of 2018”.

SEC. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT.

(a) Section 524(a) of title 40, United States Code, is amended—

(a)(1) in paragraph (11), by striking “and” at the end;

(a)(2) in paragraph (12), by striking the period at the end and inserting “; and”; and

(a)(3) by adding at the end the following:

(a)(3)“(13) in accordance with guidance from the Administrator of General Services—

(a)(3)“(13)“(A) on an annual basis, conduct an inventory and assessment of capitalized personal property to identify excess capitalized personal property under its control, including evaluating—

(a)(3)“(13)“(A)“(i) the age and condition of the personal property;

(a)(3)“(13)“(A)“(ii) the extent to which the executive agency utilizes the personal property;

(a)(3)“(13)“(A)“(iii) the extent to which the mission of the executive agency is dependent on the personal property; and

(a)(3)“(13)“(A)“(iv) any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate; and

(a)(3)“(13)“(B) on a regular basis, conduct an inventory and assessment of accountable personal property under its control, including evaluating—

(a)(3)“(13)“(B)“(i) the age and condition of the personal property;

(a)(3)“(13)“(B)“(ii) the extent to which the executive agency utilizes the personal property;

(a)(3)“(13)“(B)“(iii) the extent to which the mission of the executive agency is dependent on the personal property; and

(a)(3)“(13)“(B)“(iv) any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate.”

(a)(3) .

(b) Section 506(a)(1) of title 40, United States Code, is amended by adding at the end the following:

(b)“(E) Establish thresholds for acquisitions of personal property for which executive agencies shall capitalize the personal property.

(b)“(F) Notwithstanding section 121(b), for the management and accountability of personal property, establish thresholds for acquisitions of personal property for which executive agencies shall establish and maintain property records in a centralized system.”

(b) .

Legislative History

LEGISLATIVE HISTORY—S. 3031:

CONGRESSIONAL RECORD, Vol. 164 (2018):

Dec. 12, considered and passed Senate.

Dec. 21, considered and passed House.