[United States Statutes at Large, Volume 132, 115th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 115-419
115th Congress

An Act


 
To amend chapter 5 of title 40, United States Code, to improve the
management of Federal personal property. <>

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <>
SECTION 1. SHORT TITLE.

This Act may be cited as the ``Federal Personal Property Management
Act of 2018''.
SEC. 2. FEDERAL PERSONAL PROPERTY MANAGEMENT.

(a) Inventory Assessing and Identifying Excess Personal Property.--
Section 524(a) of title 40, United States Code, is amended--
(1) in paragraph (11), by striking ``and'' at the end;
(2) in paragraph (12), by striking the period at the end and
inserting ``; and''; and
(3) by adding at the end the following:
``(13) <>  in accordance with
guidance from the Administrator of General Services--
``(A) on an annual basis, conduct an inventory and
assessment of capitalized personal property to identify
excess capitalized personal property under its control,
including evaluating--
``(i) the age and condition of the personal
property;
``(ii) the extent to which the executive
agency utilizes the personal property;
``(iii) the extent to which the mission of the
executive agency is dependent on the personal
property; and
``(iv) any other aspect of the personal
property that the Administrator determines is
useful or necessary for the executive agency to
evaluate; and
``(B) on a regular basis, conduct an inventory and
assessment of accountable personal property under its
control, including evaluating--
``(i) the age and condition of the personal
property;
``(ii) the extent to which the executive
agency utilizes the personal property;
``(iii) the extent to which the mission of the
executive agency is dependent on the personal
property; and
``(iv) any other aspect of the personal
property that the Administrator determines is
useful or necessary for the executive agency to
evaluate.''.

[[Page 5443]]

(b) Thresholds for Capitalization and Accountability.--Section
506(a)(1) of title 40, United States Code, is amended by adding at the
end the following:
``(E) Capitalization thresholds.--Establish
thresholds for acquisitions of personal property for
which executive agencies shall capitalize the personal
property.
``(F) Accountability thresholds.--Notwithstanding
section 121(b), for the management and accountability of
personal property, establish thresholds for acquisitions
of personal property for which executive agencies shall
establish and maintain property records in a centralized
system.''.

Approved January 3, 2019.

LEGISLATIVE HISTORY--S. 3031:
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SENATE REPORTS: No. 115-343 (Comm. on Homeland Security and Governmental
Affairs).
CONGRESSIONAL RECORD, Vol. 164 (2018):
Dec. 12, considered and passed Senate.
Dec. 21, considered and passed House.