1. Short title This Act may be cited as the GSA Lease Transparency Act of 2019 . 2. Annual audit (a) In general Chapter 5 of subtitle I of title 40, United States Code, is amended by adding at the end the following: 625. Annual audit of leases (a) In general Not later than 90 days after the date of enactment of this Act, and annually thereafter, the Administrator of General Services shall complete an audit, in compliance with generally accepted government accounting standards, of covered leases. (b) Content of audit The audit shall determine whether the Federal Government has received all rent, revenues, and anything of value due in accordance with the provisions of each covered lease. (c) Submission Not later than 30 days after the date of completion of an audit, the Administrator of General Services shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate the audit and a report on such audit. (d) Additional audit requirement for leases With respect to any covered lease that takes effect on or after the date of enactment of this section, the Administrator shall require that such a lease contains audit rights for the Administrator and the Inspector General of the General Services Administration. (e) Definition In this section, the following definition applies: (1) Covered lease The term covered lease means an active lease of space in a Federal building in which at least 20 percent of such building is leased to any entity pursuant to any provision of law, including— (A) section 543; (B) section 581; (C) sections 306121 and 306122 of title 54, United States Code; and (D) Public Law 108–447 (108 Stat. 2809 et seq.). . (b) Conforming amendment The table of chapters for chapter 5 of subtitle I of title 40, United States Code, is amended by adding after the item relating to section 624 the following new item: 625. Annual audit of leases. .