FIT Procurement Act
The source supplies the latest action, but no lifecycle stage.
Latest action (9 Dec 2024): Placed on Senate Legislative Calendar under General Orders. Calendar No. 679.
What this bill does
The FIT Procurement Act (S. 4066), sponsored by Senator Gary Peters, is intended to modernize how the federal government buys technology. As reported with an amendment by the Senate Homeland Security and Governmental Affairs Committee, the bill would direct the Federal Acquisition Institute and related agencies to build new training programs—including experiential learning and instruction on cloud computing, artificial intelligence, and cybersecurity—for the federal acquisition workforce. It would also expand and update several procurement tools, such as the "commercial solutions opening" authority, the simplified acquisition threshold (raising it from $250,000 to $500,000), the multiple award schedule program's competition standard, and rules for making advance payments for subscription-based technology services like cloud computing. Additional provisions would increase the percentage of funds credited to the Acquisition Workforce Training Fund and reassign certain training oversight duties from the Office of Management and Budget to the General Services Administration.
The bill primarily affects federal agencies, contracting officers, and companies that sell technology and other products/services to the government, particularly smaller or newer vendors that may face barriers entering federal contracting. It also directs agencies to study and address the shrinking pool of federal contractors through a working group and public consultation, aiming to broaden competition.
The bill was introduced in March 2024 and was ordered to be reported by the Senate committee, with an amendment, in December 2024. It has not received a floor vote, and as a bill from the 118th Congress that did not pass before that Congress ended, it would need to be reintroduced in a new Congress to be considered further.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
9 Dec 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 679.
Common questions
- What does S. 4066 do?
- The FIT Procurement Act (S. 4066), sponsored by Senator Gary Peters, is intended to modernize how the federal government buys technology. As reported with an amendment by the Senate Homeland Security and Governmental Affairs Committee, the bill would direct the Federal Acquisition Institute and related agencies to build new training programs—including experiential learning and instruction on cloud computing, artificial intelligence, and cybersecurity—for the federal acquisition workforce. It would also expand and update several procurement tools, such as the "commercial solutions opening" authority, the simplified acquisition threshold (raising it from $250,000 to $500,000), the multiple award schedule program's competition standard, and rules for making advance payments for subscription-based technology services like cloud computing. Additional provisions would increase the percentage of funds credited to the Acquisition Workforce Training Fund and reassign certain training oversight duties from the Office of Management and Budget to the General Services Administration. The bill primarily affects federal agencies, contracting officers, and companies that sell technology and other products/services to the government, particularly smaller or newer vendors that may face barriers entering federal contracting. It also directs agencies to study and address the shrinking pool of federal contractors through a working group and public consultation, aiming to broaden competition. The bill was introduced in March 2024 and was ordered to be reported by the Senate committee, with an amendment, in December 2024. It has not received a floor vote, and as a bill from the 118th Congress that did not pass before that Congress ended, it would need to be reintroduced in a new Congress to be considered further.
- Has S. 4066 become law?
- The source does not supply a confirmed lifecycle stage for S. 4066. Check the latest action and official source below.
- Who sponsored S. 4066?
- S. 4066 was sponsored by Sen. Peters, Gary C. [D-MI] (D-MI), with 1 cosponsor.
- What's the latest action on S. 4066?
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 679. (9 Dec 2024).
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