Press Releases

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:

• Mr. Tim Horne, Acting Administrator, U.S. General Services Administration
• Mr. Brett Simms, Director, Capital Asset Management Service, U.S. Department of Veterans Affairs
• Mr. Kevin B. Acklin, Chief of Staff, Office of Mayor William Peduto, City of Pittsburgh, Pennsylvania
• Mr. Richard W. Painter, Vice-Chair, Citizens for Responsibility and Ethics in Washington

More information about the hearing, including testimony, additional background information, and live webcast, will be posted here as it becomes available.