Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

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

Premium   Download PDF Now (2 pages)
Congress 118th
Date Requested May 15, 2024
Requested By Senate Committee on Homeland Security and Governmental Affairs
Date Sent May 20, 2024
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 2024-2029 period. Any spending would be subject to the availability of appropriated funds.

« Return to search CBO reports