To direct the Administrator of General Services to submit a report to Congress on the state of the real estate portfolio of the Public Building Service, and for other purposes.

H.R. 6480 would direct the General Services Administration (GSA) to provide Congress with detailed annual reports on the Public Building Service's real estate holdings. The Public Building Service manages federal property on behalf of over 100 federal agencies, currently overseeing approximately 359 million square feet across more than 8,500 buildings. These reports would give Congress visibility into how the federal government manages its vast real estate assets.

The required reports would include specific information about the portfolio's composition, such as the number of buildings owned, newly completed construction projects, the agencies that are the largest customers of the service, and the total number of leased spaces. This transparency would allow Congress to better understand and oversee how federal real estate resources are being utilized and managed across the government.

The bill passed the House and is currently under review in the Senate Committee on Environment and Public Works. If enacted, this legislation would establish an ongoing mechanism for congressional oversight of federal property management, potentially leading to more informed decisions about government real estate spending and efficiency. For everyday citizens, this could result in better accountability for how taxpayer-funded federal buildings and facilities are maintained and utilized.