How HR 189 changes current law

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends 40 U.S.C. § 3304 to prohibit the Securities and Exchange Commission from leasing general purpose office space and transfers that authority to the Administrator of General Services.

• 40 U.S.C. § 3304

  (e) Leasing of Space for Securities and Exchange Commission.--Notwithstanding any other provision of law, on and after the date of enactment of this subsection, the Securities and Exchange Commission may not lease general purpose office space. The Administrator may lease such space for the Securities and Exchange Commission under section 585 and this chapter.

  This adds a new subsection that removes the leasing authority from the Securities and Exchange Commission and grants it to the Administrator of General Services.