Prospectus Modernization Act of 2026

This bill temporarily changes the dollar thresholds that determine when the General Services Administration (GSA) must submit a prospectus to Congress for approval of certain federal building projects. For fiscal years 2026 through 2028, the threshold in two parts of the law would rise from $1,500,000 to $10,000,000, and the threshold in a third part would rise from $750,000 to $5,000,000. During those years, the usual annual adjustment to these threshold amounts would not apply to the new figures.

Full text and official record on Congress.gov

Sponsors

• Joni Ernst Republican sponsor
• 1 cosponsors