I support S. 1492, which directs the GSA, on behalf of the Archivist of the United States, to convey 9 acres of property in Anchorage, Alaska, to the local municipality in exchange for its fair market value. The GSA and the Archivist of the United States have come to the conclusion that this property is underutilized and is no longer needed by the Federal Government. A House version of this bill was reported out of committee by a voice vote and was subsequently passed by the House. Selling this property to the city of Anchorage, Alaska, at its fair market value protects the interests of taxpayers who acquired the property. It also allows the Federal Government to shed the costs of maintaining and securing an unneeded property. Finally, I encourage the GSA to continue using its existing authority and expertise to identify and dispose of other pieces of underutilized Federal real estate as appropriate. I urge my colleagues to support this legislation. Mr. Speaker, I yield back the balance of my time.
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