Reps. Steube, Thompson Introduce Bipartisan Legislation to Support Redevelopment of Former Military Installations

This press release from Representative W. Gregory Steube (R-FL) was published on 2026-07-30 and titled "Reps. Steube, Thompson Introduce Bipartisan Legislation to Support Redevelopment of Former Military Installations".

Reps. Steube, Thompson Introduce Bipartisan Legislation to Support Redevelopment of Former Military Installations

WASHINGTON–U.S. Representatives Greg Steube (R-Fla.) and Mike Thompson (D-Calif.) today introduced the Increasing Opportunity for Reindustrialization Act, bipartisan legislation that would help communities redevelop former military installations. The bill expands Qualified Opportunity Zone (QOZ) designation to include Base Realignment and Closure (BRAC) sites. It allows states to nominate these areas for QOZ eligibility without counting them against the current cap on eligible Opportunity Zone tracts. The bill is carried in the Senate by Sens. Dave McCormick (R-Penn.) and Brian Schatz (D-Hawaii).