(a)  In General.⁠—Except as provided in subsection (b), not later than December 31 of each year following the date of enactment of this subchapter, a Federal agency with independent leasing authority shall submit to the Council a list of all leases, including operating leases, in effect on the date of enactment of this subchapter that includes⁠—

(1)  the date on which each lease was executed;

(2)  the date on which each lease will expire;

(3)  a description of the size of the space;

(4)  the location of the property;

(5)  the tenant agency;

(6)  the total annual rental payment; and

(7)  the amount of the net present value of the total estimated legal obligations of the Federal Government over the life of the contract.

(b)  Exception.⁠—Subsection (a) shall not apply to⁠—

(1)  the United States Postal Service; or

(2)  any other property the Director excludes from subsection (a) for reasons of national security.