Reduction in headquarters office space

(a) In general Not later than 60 days after the date of enactment of this Act, the Director of the Office of Management and Budget shall— (1) issue a memorandum directing that the amount of real property serving as the headquarters of an Executive agency that is owned or leased by the Federal Government be reduced by not less than 30 percent; and (2) in identifying property to be sold or for which a lease is to be terminated or not renewed, prioritize— (A) the disposal of buildings; and (B) co-locating the headquarters of Executive agencies in as few locations as practicable. (b) Implementation If the head of an Executive agency is directed to reduce office space under the memorandum issued under subsection (a), the head of the Executive agency shall— (1) begin reducing office space in accordance with the memorandum not later than 180 days after the date of enactment of this Act; and (2) complete the reduction of office space in accordance with the memorandum not later than 2 years after the date of enactment of this Act.