PRICE Act of 2021
Summary
Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions Act of 2021 or the PRICE Act of 2021 This bill directs the Management Directorate of the Department of Homeland Security (DHS) to publish an annual report on a DHS website on projects that have used innovative procurement techniques within DHS to accomplish specified goals. Such goals are improving or encouraging better competition, reducing time to award, achieving cost savings, achieving better mission outcomes, or meeting the goals for contracts awarded to small business concerns. The Management Directorate shall (1) develop and disseminate guidance and offer training for specified personnel concerning when and how to use such techniques, and (2) share best practices across DHS and make available to other federal agencies information to improve procurement methods and training. The Office for Federal Procurement Policy shall convene a Chief Acquisition Officers Council to examine best practices for acquisition innovation in contracting in the federal government.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2021
Committee Review
Floor Vote
President
Introduced Nov 26, 2021
Last action Nov 29, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Nov 29, 2021
Committee
Referred to the Subcommittee on Oversight, Management, and Accountability.
lower
Nov 26, 2021
Committee
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Homeland Security, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Nov 26, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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