H.R. 7283
Adjusts federal purchasing limits for inflation every 3 years
Makes the Federal Acquisition Regulatory Council update certain dollar limits for federal purchases to account for inflation every three years instead of every five.
- Inflation updates to these federal buying thresholds would happen every three years, not five
- Below the simplified acquisition threshold, the government uses less complex buying procedures
- Covers acquisition-related dollar thresholds set in federal purchasing law
Passed the House · Senate's turn