S. 3251 · 115th Congress
Federal Acquisition Savings Act of 2018
- Stage
- Reported from committee
- Sponsor
- Gary Peters
- Introduced
- 2018-07-19
- Latest action
- 2018-11-26 · Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 115-383.
Summary
Federal Acquisition Savings Act of 2018
This bill requires executive branch agencies to acquire equipment using the method of acquisition most advantageous to the federal government based on a case-by-case analysis of comparative costs and other factors. The methods of acquisition compared in the analysis must, at a minimum, include purchase, short-term rental or lease, long-term rental or lease, interagency acquisition, and acquisition agreements with a state or a local government. The bill includes exceptions for emergency declarations, major disaster declarations, and other emergency situations.