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H.R. 5528, Safe and Smart Federal Purchasing Act (CBO Report for Congress)

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Congress 118th
Date Requested Sept. 20, 2023
Requested By House Committee on Oversight and Accountability
Date Sent Oct. 23, 2023
Description:
H.R. 5528 would require the Office of Management and Budget (OMB) to evaluate whether using the lowest price technically acceptable (LPTA) process for federal procurement poses a national security risk. LPTA is a competitive procurement process that allows agencies to select the lowest evaluated price that meets minimum performance requirements. The bill also would require OMB to report its findings to the Congress within 180 days of enactment. Based on the cost of preparing similar studies, CBO estimates that implementing the bill would cost less than $500,000 over the 2024-2028 period. Any spending would be subject to the availability of appropriated funds.

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