Search Results for keywords:"Federal Acquisition Streamlining Act"

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Search Results: keywords:"Federal Acquisition Streamlining Act"

  • Type:Presidential Document
    Citation:90 FR 16433
    Reading Time:about 4 minutes

    In Executive Order 14271, the President directs U.S. government agencies to prioritize buying commercial products and services whenever possible to save taxpayer money and encourage private sector innovation. Agencies must review their current contracting processes for unnecessary custom solutions that don't offer extra value compared to commercial ones. The order also sets out specific procedures for justifying any exceptions and involves oversight from the Office of Management and Budget to ensure compliance. This approach aims to reduce waste and increase efficiency in federal spending.

    Simple Explanation

    The President wants the government to buy things people already make, like toys from a store, instead of always making them from scratch, to save money and help inventors. There's a plan to make sure this happens, but the rules are a bit tricky, like a puzzle that needs people to check a lot, so it might slow things down.