Smart Space Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7388 Referred in Senate (RFS)] <DOC> 119th CONGRESS 2d Session H. R. 7388 _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 25, 2026 Received; read twice and referred to the Committee on Environment and Public Works _______________________________________________________________________ AN ACT To direct the Administrator of General Services to convene consultation meetings to identify alternative financing solutions for the construction of new public buildings that will reduce costs to the Federal Government, and for other purposes. 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 ``Smart Space Act of 2026''. SEC. 2. PROJECT RECOMMENDATIONS. (a) Meetings and Consultations.--Not later than 90 days after the date of enactment of this Act, the Administrator of General Services shall convene consultation meetings to identify alternative financing solutions for the construction or renovation of public buildings, or necessary work to prepare such buildings for disposal that will reduce costs to the Federal Government. (b) Meetings.--In convening consultation meetings under subsection (a), the Administrator shall include-- (1) experts related to private commercial real estate; (2) experts related to Federal real estate; and (3) if available, State, including the District of Columbia, real estate experts experienced with leveraging private financing for public buildings and facilities. (c) Report and Recommendations.--Not later than 120 days after the date of enactment of this Act, the Administrator shall submit to the President-- (1) recommendations on types of public-private partnerships and alternative financing methods best suited for meeting the public building needs of the Federal Government; and (2) a lis