WASHINGTON, DC – U.S. Senators Gary Peters (D-MI), Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, and James Lankford (R-OK) introduced bipartisan legislation to help save taxpayers billions of dollars by changing the way the federal government acquires real estate. The bill would allow federal agencies to purchase properties at a bargain price when it would be more cost effective than long-term leases. U.S. Representatives Greg Pence (R-IN) and Mark Meadows (R-NC) introduced companion legislation in the U.S. House of Representatives.