H.R. 7388
The Smart Space Act of 2026 requires the General Services Administration (GSA) to identify public building projects that could benefit from public-private partnerships and alternative financing methods. The GSA must consult with experts in real estate to find cost-saving financing solutions for constructing, renovating, or disposing of public buildings. The GSA will then provide recommendations to the President and Congress, and publish them online, detailing which projects should use these financing methods. The projects must aim to consolidate or relocate federal agencies from inefficient and costly spaces that the GSA plans to sell or dispose of.