There were 1,185 press releases posted in the last 24 hours and 447,006 in the last 365 days.

H.R. 5528, Safe and Smart Federal Purchasing Act

H.R. 5528 would require the Office of Management and Budget (OMB) to evaluate whether using the lowest price technically acceptable (LPTA) process for federal procurement poses a national security risk. LPTA is a competitive procurement process that allows agencies to select the lowest evaluated price that meets minimum performance requirements. The bill also would require OMB to report its findings to the Congress within 180 days of enactment. 

Based on the cost of preparing similar studies, CBO estimates that implementing the bill would cost less than $500,000 over the 2024-2029 period. Any spending would be subject to the availability of appropriated funds.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.