Federal Acquisition Security Council Improvement Act of 2024

house

senate

president

Legislation Details

Amends title 41 of the United States Code regarding the Federal Acquisition Security Council.
Redefines terms related to sources of concern, including “covered source of concern” and “designated order.”
Establishes a clearer definition of “source of concern” related to foreign adversaries and national security risks.
Modifies the composition of the Federal Acquisition Security Council, specifying members from various federal agencies, including the Department of Defense and the Department of Homeland Security.
Introduces a Federal Acquisition Security Council Program Office to support the Council’s functions.
Expands the Council’s functions to include evaluating security risks associated with covered articles and sources of concern.
Requires the Council to issue designated orders for the exclusion or removal of covered sources of concern from procurement actions.
Mandates annual reporting to Congress on security risks related to covered articles.
Updates requirements for executive agencies to provide information to the Council.
Ensures compliance with existing prohibitions related to national security in the implementation of the Council’s activities.
Requires the Council to update regulations within two years of enactment.
Reallocates existing resources from the Office of Management and Budget to the Office of the National Cyber Director.

Amends title 41 of the United States Code regarding the Federal Acquisition Security Council.
Redefines terms related to sources of concern, including “covered source of concern” and “designated order.”
Establishes a clearer definition of “source of concern” related to foreign adversaries and national security risks.
Modifies the composition of the Federal Acquisition Security Council, specifying members from various federal agencies, including the Department of Defense and the Department of Homeland Security.
Introduces a Federal Acquisition Security Council Program Office to support the Council’s functions.
Expands the Council’s functions to include evaluating security risks associated with covered articles and sources of concern.
Requires the Council to issue designated orders for the exclusion or removal of covered sources of concern from procurement actions.
Mandates annual reporting to Congress on security risks related to covered articles.
Updates requirements for executive agencies to provide information to the Council.
Ensures compliance with existing prohibitions related to national security in the implementation of the Council’s activities.
Requires the Council to update regulations within two years of enactment.
Reallocates existing resources from the Office of Management and Budget to the Office of the National Cyber Director.