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Wednesday, December 18, 2024

House passes FIT Procurement Act aimed at saving taxpayer money

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Eric Burlison U.S. House of Representatives from Missouri's 7th district | Official U.S. House Headshot

Eric Burlison U.S. House of Representatives from Missouri's 7th district | Official U.S. House Headshot

The House of Representatives has passed the Federal Improvement in Technology (FIT) Procurement Act, introduced by Congressman Burlison. The bill aims to modernize federal technology procurement processes and is expected to save taxpayers millions of dollars while enhancing innovation and efficiency within government operations.

Key reforms introduced by the FIT Procurement Act include raising the Micro-Purchase Threshold from $10,000 to $25,000, which is anticipated to save over $40 million annually by cutting administrative costs. Additionally, the simplified acquisition threshold will increase from $250,000 to $500,000, providing more opportunities for small businesses and reducing administrative burdens for smaller government contracts. The legislation also emphasizes advanced training for the federal acquisition workforce and increased opportunities for small businesses and tech innovators to compete for federal contracts.

Rep. Burlison stated, "The FIT Procurement Act is a game-changer for federal technology procurement. By eliminating inefficiencies, cutting red tape, and fostering competition, this legislation ensures taxpayers get the best value for their money while driving innovation across the nation."

The bill received strong bipartisan support in the House after previously passing unanimously in the Oversight Committee. A companion bill has been introduced in the Senate by Senators Ted Cruz (R-TX) and Gary Peters (D-MI).

Leading technology companies have expressed their support for this legislation as a crucial step toward transforming the federal tech landscape to meet contemporary demands.

The Alliance for Digital Innovation expressed gratitude towards Rep. Burlison's leadership on this bill: "ADI extends its sincere thanks to Rep. Burlison for his leadership on this bill. Additionally, ADI greatly appreciates the Committee’s willingness to engage on the important topic of federal technology acquisition. A bipartisan focus on updating federal acquisition policy enables the government to be more efficient and effective in a modern digital world. We look forward to further collaboration in the future."

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