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Streamlining Government Procurement and Fostering Innovation

This act aims to modernize how the U.S. government acquires technology and services, enabling faster and more efficient operations. Citizens can expect improved public services as the government gains access to more advanced solutions. The changes also seek to make it easier for small and new businesses to work with the government, potentially creating new business opportunities and jobs.
Key points
Government employees will receive training to better understand new technologies, accelerating innovation adoption.
Procurement procedures for modern technologies will be simplified, allowing the government to respond more quickly to citizen needs.
Barriers for small and new businesses will be reduced, making it easier for them to secure government contracts and support the local economy.
Companies 100% owned by employees (ESOPs) will have easier access to follow-on government contracts, potentially supporting employment stability.
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Additional Information
Print number: 117_S_4623
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2022-07-26