By Vicki Needham - 10/20/11 05:47 PM EDT
Denham expressed concern that even with the plant's addition to the list, that property and the thousands of others already identified could remain stuck on the list because, under current law, there is no guarantee this valuable property will be sold.
The plant has been identified as "truly unneeded." If sold, it could result millions of dollars in savings for the taxpayer, according to the Office of Management and Budget.
Denham's measure — the Civilian Property Realignment Act (CPRA) — focuses on the long-term restructuring of how the federal government manages and consolidates its real estate with all savings going toward deficit reduction.
"My bill also takes politics out of the process and cuts through the bureaucratic red tape to ensure the sale or consolidation of these properties, resulting in real savings to reduce our $14.3 trillion deficit," he said.
The measure was approved and sent to the House on Oct. 13 by the House Transportation and Infrastructure Committee.
The Senate has started work on similar legislation and has asked federal agencies to provide lists of properties that could be sold.
The White House has estimated that $15 billion would be saved over three years in their plan. The CBO determined in a July report that the administration's proposal could increase direct spending by $60 million over 10 years and could increase discretionary spending by $420 million over five years.
The federal government owns and operates more than 1.2 million buildings costing about $20 billion a year to operate.