Procurement Reform: H.R. 1670, Federal Acquisition Reform Act of 1995
(Testimony, 05/25/95, GAO/T-OGC-95-22).

This testimony provides GAO's views on H.R. 1670, the proposed Federal
Acquisition Reform Act of 1995.  This legislation is grounded in a
single theme: the complexity of the government's procurement systems has
resulted in unacceptably high transaction costs and user
dissatisfaction.  Among the bill's provisions: (1) to allow agencies to
obtain "maximum practicable" competition rather than full and open
competition, (2) to exempt all commercial items as defined in the
Federal Acquisition Streamlining Act of 1994 from certified data and
audit requirements of the Truth in Negotiations Act and from the
corresponding requirements of the cost accounting standards, and (3) to
consolidate two administrative forums--GAO's bid protest office and the
General Services Board of Contract Appeals, along with the 10 other
boards of contracts appeals--into a single, all-inclusive board.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-OGC-95-22
     TITLE:  Procurement Reform: H.R. 1670, Federal Acquisition Reform 
             Act of 1995
      DATE:  05/25/95
   SUBJECT:  Proposed legislation
             Competition
             Bid protests
             Procurement regulation
             Contractor selection
             Cost control
             Cost accounting standards compliance
             Federal procurement policies
             Procurement procedures
             Computer networks
IDENTIFIER:  Federal Acquisition Computer Network
             Federal Acquisition Reform Act of 1995
             
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