Faster and Smarter Federal Technology Procurement: Boosting Small Business Access.
This law streamlines how federal agencies purchase information and communications technology. It introduces training programs for the acquisition workforce, covering areas such as cloud computing and artificial intelligence, and raises monetary thresholds for simplified acquisition procedures. The goal is to increase competition, remove barriers for small businesses, and improve procurement efficiency.
Key points
Increased opportunity for small businesses: Monetary thresholds for simplified acquisition procedures have been raised (to $500,000) and for micro-purchases (to $25,000) to facilitate small business participation.
Modern technology in government: Acquisition workforce members will undergo training on topics including cloud, AI, and cybersecurity to better understand key technologies.
Simplified procedures: The Administrator for Federal Procurement Policy is to issue guidance on accepting a wider range of past performance (including commercial) when evaluating bids and to identify barriers hindering small business participation.
Expired
Citizen Poll