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Increased Government Authority for Innovative Product Acquisition

This act raises the limit for government purchases of innovative products and services from $10 million to $25 million. It also extends the program facilitating these acquisitions until 2027. This means the government can more easily and quickly acquire new technologies, potentially improving public services and fostering national innovation.
Key points
Increased spending limit for innovative product and service acquisitions by the government from $10 million to $25 million.
Extension of the program for acquiring innovative commercial items until 2027.
Facilitates government access to new technologies and innovative solutions.
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Expired
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Additional Information
Print number: 117_S_4552
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2022-07-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Extension of Authority to Acquire Innovative Commercial Items Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4552.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-19.

What are the main provisions?

Key points include:

  • Increased spending limit for innovative product and service acquisitions by the government from $10 million to $25 million.
  • Extension of the program for acquiring innovative commercial items until 2027.
  • Facilitates government access to new technologies and innovative solutions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Peters, Gary C. [D-MI].

What is the latest detailed status?

The latest detailed status is: Passed Senate without amendment by Unanimous Consent. (consideration: CR S4877; text: CR S4877)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Public Investments Economy