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AI Summary: This is a policy document - specifically an Executive Order issued by the President regarding federal contracting practices. This regulation aims to ensure that federal agencies prioritize commercially available products and services when making procurement decisions, instead of creating custom, government-unique solutions. The order requires agencies to conduct a comprehensive review of all open solicitations for non-commercial products or services, with contracting officers required to provide detailed market research and price analysis justifying any procurement of non-commercial items. Each agency's approval authority must assess these proposed applications for compliance with the Federal Acquisition Streamlining Act (FASA), and recommend ways to advance commercial product procurement where possible. Agencies must submit reports to the Office of Management and Budget (OMB) detailing their compliance and progress, and any proposed non-commercial procurement must receive explicit written approval from the agency's approval authority. The order defines key terms such as "agency" and "contracting officer" and provides mechanisms for oversight, while also noting that it does not create enforceable legal rights and must be implemented consistent with existing laws and available appropriations.