Bill > HR7274

This bill, titled the "Federal Acquisition Security Council Improvement Act of 2026," aims to strengthen the Federal Acquisition Security Council (FASC) by refining definitions, expanding its membership, and clarifying its functions. It introduces new terms like "covered source of concern" to identify entities posing national security risks due to ties with foreign adversaries, and "designated order" and "recommended order" to categorize actions taken against such entities. The FASC's membership is broadened to include more officials from key agencies like the Office of the Director of National Intelligence, Department of Defense, Department of Homeland Security, and others, ensuring diverse expertise. The bill also establishes a dedicated "Federal Acquisition Security Council Program Office" within the Executive Office of the President to provide essential support and analysis to the Council. Furthermore, it enhances the FASC's authority to evaluate risks, issue exclusion or removal orders against covered sources of concern and their products, and monitor compliance, while also outlining procedures for issuing and waiving these orders, and ensuring coordination with existing prohibitions related to national security.