🏛️Executive Order 14275
Restoring Common Sense to Federal Procurement
Summary
Executive Order 14275 focuses on reforming the Federal Acquisition Regulation (FAR) to improve efficiency in federal procurement. It emphasizes creating a streamlined process by eliminating unnecessary regulations while safeguarding economic and national security interests. The order mandates revisions to the FAR and the alignment of agency supplements, aiming for a more effective procurement system that supports both industry growth and government accountability.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order outlines reforms for the Federal Acquisition Regulation (FAR), aiming to simplify procurement processes and eliminate unnecessary regulations. This has significant implications for business owners seeking to work with the federal government, as it could reduce bureaucratic hurdles and costs in federal contracting.