Subcommittee to Examine the Sale of Federal Assets to Reduce Waste and Shrink the Size of the Federal Government’s Footprint
Washington - The Subcommittee on Economic Development, Public Buildings, and Emergency Management will hold a hearing next week to examine the implementation of the Federal Assets Sale and Transfer Act (FASTA) and how it will address impediments in the normal property disposal process that impact the return to the taxpayer. The purpose of FASTA, which was sponsored by Transportation and Infrastructure Committee Member Rep. Jeff Denham (CA), is to streamline the sale or redevelopment of high value assets that are underutilized to obtain the best return for the taxpayer through consolidating the Federal footprint.
This hearing of the Subcommittee on Economic Development, Public Buildings, and Emergency Management, chaired by U.S. Rep. Lou Barletta (R-PA), is entitled, “Implementing the Federal Assets Sale and Transfer Act (FASTA): Maximizing Taxpayer Returns and Reducing Waste in Real Estate.” The hearing is scheduled to begin at 10:00 a.m. on Wednesday, July 12, 2017, in 2167 Rayburn House Office Building.
The Subcommittee will hear testimony from:
More information about the hearing, including testimony, additional background information, and live webcast, will be posted here as it becomes available.