Restoring Common Sense to Federal Procurement
This executive order directs a comprehensive reform of the Federal Acquisition Regulation (FAR), which governs how the federal government buys goods and services. It mandates stripping the FAR down to provisions required by statute or essential to procurement, with a 180-day deadline for initial amendments and introduces a 4-year regulatory sunset for non-statutory provisions. The order also requires agencies to designate officials for alignment within 15 days and OMB to issue implementation guidance within 20 days.