Loading…
H.R. 7388119th CongressPassed one chamberLatest action Mar 25, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The Smart Space Act directs GSA to study private financing options for federal buildings and report recommendations within 120 days.
35-second read · 4 questions answered below
The Smart Space Act of 2026 requires GSA to explore alternative financing methods, like public-private partnerships, for building or renovating federal buildings. Within 90 days, GSA must hold public meetings with real estate and government experts, then submit a report within 120 days recommending financing methods and specific projects.
GSA, federal agencies that may be relocated or consolidated, and private real estate developers who could partner on projects. Congress and the President also play roles reviewing and approving next steps.
The process could reshape how federal agencies use building space and open opportunities for private-sector involvement, though any construction still requires separate congressional funding approval.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.