H.R. 1779, the "SWAMP Act" (Stop Wasteful Allocations of Money for Pelosi Act), directs the federal government to sell a federal building in San Francisco known as the Speaker Nancy Pelosi Federal Building located at 90 7th Street. The General Services Administration must complete the sale by May 31, 2025, either through standard federal property disposal procedures or by selling it at fair market value to the highest bidder, depending on what the Administrator deems most feasible. The bill does not specify what will happen to any revenue generated from the sale. This legislation affects federal property management and the San Francisco real estate market but has no direct impact on the general public beyond the fate of this one government-owned building.
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