#aaeth ,,congress  #b;d ,session  ,s4   
#cjca  ,,an ,,act  ,to amend chapter #e 
of title #dj1 ,united ,states ,code1 to 
improve the management of ,federal      
personal property4  #a4 ,short title    
,this ,act may be cited as the ,federal 
,personal ,property ,management ,act of 
#bjah4  #b4 ,federal personal property  
management  7a7 ,inventory assessing and
 identifying excess personal property   
,section #ebd7;a7 of title #dj1 ,united 
,states ,code1 is amended-- 7#a7 in     
paragraph 7#aa71 by striking and at the 
end2  7#b7 in paragraph 7#ab71 by       
striking the period at the end and      
inserting 2 and2 and  7#c7 by adding at 
the end the following3  7#ac7 in        
accordance with guidance from the       
,administrator of ,general ,services--  
7,a7 on an annual basis1 conduct an     
inventory and assessment of capitalized 
personal property to identify excess    
capitalized personal property under its 
control1 including evaluating--  7i7 the
 age and condition of the personal      

property2  7ii7 the extent to which the 
executive agency utilizes the personal  
property2  7iii7 the extent to which the
 mission of the executive agency is     
dependent on the personal property2 and 
7iv7 any other aspect of the personal   
property that the ,administrator        
determines is useful or necessary for   
the executive agency to evaluate2 and   
7,b7 on a regular basis1 conduct an     
inventory and assessment of accountable 
personal property under its control1    
including evaluating--  7i7 the age and 
condition of the personal property2     
7ii7 the extent to which the executive  
agency utilizes the personal property2  
7iii7 the extent to which the mission of
 the executive agency is dependent on   
the personal property2 and  7iv7 any    
other aspect of the personal property   
that the ,administrator determines is   
useful or necessary for the executive   
agency to evaluate4  4  7b7 ,thresholds 
for capitalization and accountability   
,section #ejf7;a77#a7 of title #dj1     

,united ,states ,code1 is amended by    
adding at the end the following3  7,e7  
,capitalization thresholds ,establish   
thresholds for acquisitions of personal 
property for which executive agencies   
shall capitalize the personal property4 
7,f7 ,accountability thresholds         
,notwithstanding section #aba7;b71 for  
the management and accountability of    
personal property1 establish thresholds 
for acquisitions of personal property   
for which executive agencies shall      
establish and maintain property records 
in a centralized system4  4  ,passed the
 ,senate ,december #ab1 #bjah4,secretary