"This is something we can have bipartisan agreement on," said Rep. Jeff Denham, R-Calif., The New York Times reported Thursday.
Sen. Jon Kyl, R-Ariz., a member of the supercommittee charged with finding $1.5 trillion in budget cuts over the next 10 years, said what amounts to a federal yard sale would likely find support among Democrats and Republicans.
A property sale, however, would have many twists and turns from attempts to sell sentimental favorites to sales of property with environmental concerns, such as Plum Island, N.Y., an 840-acre island that is the former home of the federal Animal Disease Center.
The government has more than a million properties and could realize about $22 billion from selling property it no longer needs and public airwaves currently dedicated to broadband television, the Times said.
Of the $22 billion, 80 percent would come from the sale of airwaves the Obama administration has said would be best put to use serving broadband wireless.
In some regards, selling federal property would be a quick way to raise money if it weren't for the federal bureaucracy that would get in its way. A bill in the House sponsored by Denham and one in the Senate sponsored by Scott Brown, R-Mass., would create a commissions to streamline the process, the Times said.