Bill > HR4123

This bill, known as the Federal Improvement in Technology Procurement Act (FIT Procurement Act), aims to modernize and improve federal technology procurement processes through several key provisions. It establishes a pilot program for experiential learning in federal acquisition workforce training, with a particular focus on information and communications technology (ICT) procurement. The bill develops a cross-functional training program that will help acquisition workforce members better understand market research, technology trends, commercial procurement practices, and innovative acquisition techniques. It increases the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000, which will provide more flexibility for government purchasing. The legislation also seeks to enhance competition in federal contracting by creating guidance for evaluating past performance more broadly, including commercial project experience, and by working to eliminate procedural barriers that make it difficult for small businesses to compete for federal contracts. Additionally, the bill requires a Comptroller General assessment of small business participation in federal procurement and mandates updates to conflict of interest procedures for the acquisition workforce. Importantly, the bill specifies that no additional funding will be required to implement these changes, suggesting the improvements will be achieved through process modifications and existing resources.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/4123/all-info