President Trump signed two executive orders aimed at simplifying the federal procurement process, affecting nearly $1 trillion worth of goods and services annually. The orders call for a significant reduction of the Federal Acquisition Regulation (FAR) to only include essential provisions. This effort is part of the administration's broader deregulation agenda. Agencies are tasked with collaborating to streamline these regulations, with deadlines set for designating personnel to expedite the reform. Importantly, new provisions introduced within the FAR will expire after four years unless renewed, pushing for more flexible rules in government contracting.
President Trump issued two executive orders to simplify federal procurement regulations, targeting the Federal Acquisition Regulation to streamline the process for acquiring nearly $1 trillion in goods and services.
The Trump administration aims to change the Federal Acquisition Regulation by stripping it down to essential provisions required by law, with notable changes expected within 180 days.
By linking these procurement changes to its broader deregulation efforts, the administration hopes to cut costs and streamline the government contracting process.
The orders suggest that any new provisions in the FAR will expire in four years unless renewed, emphasizing a shift toward a more temporary regulatory approach.
#federal-procurement #trump-administration #executive-orders #deregulation #federal-acquisition-regulation
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