EO 14275
Restoring Common Sense to Federal Procurement
Government ReformEconomy & TradeNational Security
Ad Space (leaderboard)
Summary
This executive order directs federal agencies to comprehensively reform the Federal Acquisition Regulation (FAR) by removing provisions not required by statute or essential to effective procurement, aiming to streamline the federal contracting process and reduce regulatory burden. Agencies have 180 days to amend the FAR, with immediate designation of officials to oversee alignment and implementation of the reforms.
Key Points
- 1The FAR, which has grown to over 2,000 pages, is characterized as an overly complex regulatory framework that creates barriers to doing business with the federal government despite managing nearly $1 trillion in annual procurements
- 2The Administrator of the Office of Federal Public Procurement Policy, in coordination with the FAR Council and agency heads, must amend the FAR within 180 days to retain only statutory-required or essential provisions that support simplicity, usability, and protect economic or national security interests
- 3Each agency must designate a senior acquisition official within 15 days to work with the Administrator on FAR reform alignment, and the Office of Management and Budget must issue guidance within 20 days to ensure consistent implementation across agencies
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
Ad Space (rectangle)