3.0.0 1736 2023-01-11T13:21:58Z 2023-01-11T13:21:58Z Senate S S 2011-10-19 112 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2011-10-19T17:14:52Z 2011-10-19 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2011-10-19 Introduced in Senate IntroReferral 10000 9 Library of Congress B001268 Sen. Brown, Scott P. [R-MA] Scott Brown R MA P. N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2011-10-19 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2011-10-19 True Government Operations and Politics Administrative law and regulatory procedures Computers and information technology Disability and paralysis Military procurement, research, weapons development Minority and disadvantaged businesses Office of Management and Budget (OMB) Public contracts and procurement Small business Veterans' education, employment, rehabilitation Government Operations and Politics 00 2011-10-19 Introduced in Senate 2011-12-21T16:24:23Z Acquisition Savings Reform Act of 2011 - Directs the Federal Acquisition Regulatory Council to amend the Federal Acquisition Regulation (FAR) to revise certain federal acquisition practices and procedures, including by: (1) requiring executive agency heads to use online reverse auction, or an equivalent method, in the procurement of commercial items above the simplified acquisition threshold; (2) requiring the consideration of Federal Strategic Sourcing Vehicles (defined as a kind of government-wide interagency acquisition contract or agreement to leverage the federal government's buying power) in the acquisition planning process; (3) authorizing contracting officers to waive contract closeout audits above the simplified acquisition purchase threshold based on risk assessments and to write off unreconciled balances on low risk contracts; (4) requiring executive agency heads to mandate that affordability be included as a requirement for major systems, research and development, and construction and architect-engineering acquisitions, prior to the approval of any acquisition plan exceeding $100 million; (5) requiring service contracts valued at more than $100 million to include provisions to achieve productivity improvements and cost efficiencies; and (6) assisting small businesses by paying their invoices as quickly as possible and before normal payment due dates established by contract.

Requires the Administrator for Federal Procurement Policy to develop a plan for reducing the use of time and materials and labor hour contracts.

Requires the Director of the Office of Management and Budget (OMB) to: (1) identify on the OMB website a list of all Federal Strategic Source Vehicle contracts and agreements and awardees, and (2) develop a plan to achieve not less than $1 billion in measurable savings through Federal Strategic Sourcing Vehicles for FY2013-FY2016.

]]> Acquisition Savings Reform Act of 2011 Display Title Acquisition Savings Reform Act of 2011 Official Title as Introduced A bill to achieve cost savings through the reform of Federal acquisition practices and procedures. Introduced in Senate IS Short Titles as Introduced Acquisition Savings Reform Act of 2011 Introduced in Senate 2011-10-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1736is/xml/BILLS-112s1736is.xml 2011-10-19 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.