Congressman Pete Olson

Representing the 22nd District of Texas

Report Highlights Hundreds Of Billions In Potential Taxpayer Savings

October 6, 2010
Press Release

Washington, DC – Rep. Pete Olson today announced the release of a congressional report highlighting the failure of the federal government to better manage the people’s assets and eliminate wasteful spending.  The report, released today by the Republican members of the U.S. House Transportation and Infrastructure Committee, indicates opportunities that could potentially save taxpayers hundreds of billions of dollars.

The report, entitled “Sitting on Our Assets: The Federal Government’s Misuse of Taxpayer-Owned Assets,” focuses on agencies and programs under the Committee’s jurisdiction, including the U.S. Department of Transportation, the Coast Guard, the Federal Aviation Administration, the Army Corps of Engineers, the General Services Administration, and the Federal Emergency Management Agency.

“The next Congress needs to apply this scrutiny to every federal agency,” said Rep. Olson. "In a time of economic crisis when families are forced to do with less, the federal government should be leading the charge in fiscal management. We need more of this kind of oversight. We need to act to protect the American taxpayer."

The U.S. government is the nation’s largest asset holder.  It manages 896,000 buildings and structures with a total area of 3.29 billion square feet and more than 41 million acres of land.  The General Services Administration, which acts as the federal government’s landlord, owns or leases 9,600 assets and maintains an inventory of more than 362 million square feet of space.

The report, released by the top Republicans of the Transportation Committee and its six subcommittees, can be accessed at