Reps. Ted Budd, Greg Murphy Lead Bill to Save Taxpayers $15 Billion
Washington,
March 9, 2020
Tags:
Budget & Debt
Washington D.C. -- Today, Representatives Ted Budd (R-NC) and Dr. Greg Murphy (R-NC) introduced the Eliminate Agency Excess Space Act along with an expansive coalition of House members. Under current law, federal agencies that want to be efficient, are not allowed to sell their empty office space. This legislation eliminates this provision and frees up agencies to proactively sell unused or underused office space and then returns the proceeds to the U.S. Treasury for the sole purpose of reducing the national debt. According to Citizens Against Government Waste, selling off unused federal property would save taxpayers $15 billion over five years. Rep. Budd said in a statement: “Selling off unused federal property could save taxpayers billions. That’s why I featured this issue as one of Budd’s Budget Busters last month. The fact that thousands of federal buildings are sitting vacant should be frustrating to every citizen who works hard and pays their taxes. This is a prime example of what happens when federal agencies are not held accountable for failing to use basic best practices from the private sector. That’s why I’m proud to introduce this legislation with Dr. Murphy to allow agencies to sell this excess office space.” Text of the bill can be found HERE. |
