On the recordMarch 11, 2024
First, I would thank the Economic Development, Public Buildings and Emergency Management Subcommittee Ranking Member Titus from Nevada for working with me on this piece of legislation. The Federal Assets Sale and Transfer Act, also known as FASTA, was passed in 2016 to create a temporary board of experts to identify Federal properties for sale and redevelopment. Unfortunately, the process has not worked as Congress originally envisioned, and this bill seeks to remedy that. Federal agencies are reluctant to let go of property they don't need, and it has become clear the board requires more authority to gather data it needs to develop recommendations. This bill would make a number of reforms to improve the effectiveness of the process, including extending the board's timeline, speeding up the effective date of incentives for agencies to put properties forward, and giving the board access to the Federal Real Property Council. Madam Speaker, I urge support of this legislation, and I reserve the balance of my time.





