Restoring Common Sense to Federal Procurement

What it means

Directs the reform of federal procurement regulations to streamline the process and remove unnecessary rules. The Administrator of Federal Procurement Policy must update the Federal Acquisition Regulation (FAR) within 180 days to contain only essential provisions, making government purchasing more efficient.

Expected impact

• Potentially faster and less costly federal procurement processes for both government agencies and suppliers
• Expanded opportunities for businesses to compete for government contracts with reduced bureaucratic barriers
• Possible cost savings for taxpayers through more efficient acquisition of goods and services
• Sunset provisions requiring regulations to be reviewed and renewed every 4 years, preventing regulatory bloat
• Alignment with the administration's broader deregulation agenda to reduce government red tape