Ensuring Federal Purchasing Efficiency Act

In plain language: 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.

Provisional: our plain-language summary, pending review.