This bill requires the General Services Administration (GSA) to sell the following federal buildings for fair market value at highest and best use:
the Department of Agriculture South Building, the Hubert H. Humphrey Federal Building, the Frances Perkins Federal Building, the James V. Forrestal Building, the Theodore Roosevelt Federal Building, and the Robert C. Weaver Federal Building. Federal agencies currently occupying these buildings must vacate them and relocate to another federal building within 18 months of enactment. GSA must sell the buildings within two years of vacancy.
GSA may not sell these buildings to any foreign person, foreign entity, or entity of which a foreign person is a beneficial owner. The sales of these buildings are exempt from certain statutory requirements, including those associated with specified environmental and historic preservation laws.