US HB7388

GSA Administrator must convene consultation meetings within 90 days of enactment to identify alternative financing solutions for constructing, renovating, or preparing federal public buildings for disposal

Meetings must include experts in private commercial real estate, federal real estate, and state real estate professionals experienced with leveraging private financing for public facilities

Administrator must submit recommendations to the President within 120 days on public-private partnerships and alternative financing methods, along with a list of specific building projects suited for these approaches

Recommended projects must serve core federal missions, consolidate agencies out of costly/underutilized space slated for disposal, and achieve minimum 60% building utilization for standard office space

All meetings must be publicly noticed and open; reports must be submitted to House Transportation and Infrastructure Committee and Senate Environment and Public Works Committee and posted on the GSA website