This bill updates the schedule for adjusting government spending limits on purchases to every three years. This change helps ensure that federal purchasing keeps pace with inflation and market changes.
Ensuring Federal Purchasing Efficiency Act This bill requires the Federal Acquisition Regulatory Council to adjust certain acquisition-related dollar thresholds for inflation every three years instead of every five years. For example, the federal government uses less complex procedures for the purchase of property and services valued below the simplified acquisition threshold. Under the bill, this threshold would be adjusted for inflation every three years.
