Aims to improve Federal technology procurement processes.
Defines key terms related to acquisition workforce and procurement.
Establishes a pilot program for incorporating experiential learning into Federal procurement training programs within 18 months.
Mandates the development of a cross-functional training program for acquisition workforce members focused on information and communications technology (ICT) procurement.
Training program to include objectives on market research, industry communication, technology understanding, and innovative procurement techniques.
Requires a report on the training program’s progress and outdated training within two years of enactment.
Increases the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000.
Encourages the use of past performance from a wider range of projects to enhance competition among firms.
Establishes a Chief Acquisition Officers Council to identify and eliminate barriers for small businesses in Federal contracting.
Requires a report from the Comptroller General assessing small business participation in Federal procurement within 18 months.
Updates conflict of interest procedures for the acquisition workforce.
No additional funding is authorized for implementing the Act.
