1. Short title This Act may be cited as the Federal Personal Property Management Act of 2018 . 2. Federal personal property management (a) Inventory assessing and identifying excess personal property Section 524(a) of title 40, United States Code, is amended— (1) in paragraph (11), by striking and at the end; (2) in paragraph (12), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following: (13) in accordance with guidance from the Administrator of General Services— (A) on an annual basis, conduct an inventory and assessment of capitalized personal property to identify excess capitalized personal property under its control, including evaluating— (i) the age and condition of the personal property; (ii) the extent to which the executive agency utilizes the personal property; (iii) the extent to which the mission of the executive agency is dependent on the personal property; and (iv) any other aspect of the personal property that the Administrator determines is useful or necessary for the executive agency to evaluate; and (B) on a regular basis, conduct an inventory and assessment of accountable personal property under its control, including evaluating— (i) the age and condition of the personal property; (ii) the extent to which the executive agency utilizes the personal property; (iii) the extent to which the mission of the executive agency is dependent on the personal property