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Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 6, 7, 10, 18, 26, 37, and 41
Plain English Summary
The Federal Acquisition Regulatory Council is making changes to the Federal Acquisition Regulation to simplify federal procurement rules. This is in response to an executive order aimed at reducing unnecessary regulations and improving the use of taxpayer money. The proposed changes will affect several parts of the regulation, making it easier for agencies to acquire goods and services efficiently. Agents should stay informed about these changes as they may impact how federal contracts are managed.
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OFPP, DoD, GSA, and NASA (collectively referred to as the Federal Acquisition Regulatory Council or FAR Council) are proposing to amend the Federal Acquisition Regulation (FAR) to implement Executive Order (E.O.) 14275, Restoring Common Sense to Federal Procurement. The E.O. directs the elimination of excessive acquisition regulations to stop the inefficient use of American taxpayer dollars. The FAR Council is issuing twelve proposed rules that collectively will streamline the FAR in its entirety. This rule proposes revisions to FAR parts 6, 7, 10, 18, 26, 37, 41, and 52.