To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70301, Sec. 70301.
Written by .
A binding contract fixes the acquisition date
The document says “shall not”Who acts: Secretary of the TreasuryHow: statuteSec. 70301 in the PDF
What the document says
“property shall not be treated as acquired after the date on which a written binding contract is entered into for such acquisition.”
The section provides that for the purposes of the effective date, property is not treated as acquired after the date a written binding contract for the acquisition was entered into.
What the document actually says
“property shall not be treated as acquired after the date on which a written binding contract is entered into for such acquisition.”
That sentence, in plain words
Property counts as bought when the contract was signed. It does not count as bought any later than that.
What this is about
The contract must be written and binding. So a deal signed before the cut-off date misses the change. Delivery later does not help.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70301, 139 Stat. 188 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A binding contract fixes the acquisition date,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70301, Sec. 70301. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70301-acquisition-date/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
