FIT Procurement Act

HR 9595, the FIT Procurement Act, modernizes federal technology procurement by requiring new training for federal acquisition staff and improving opportunities for small businesses. It mandates a hands-on training program for procurement teams on emerging technologies like cloud computing and AI, focusing on practical skills and efficient contracting methods. The bill also increases simplified purchase thresholds (from $250,000 to $500,000) and streamlines processes to reduce barriers for small businesses competing for contracts. Additionally, it directs agencies to update conflict-of-interest rules and assess small business participation in federal tech contracting. The law requires no new funding and applies to all executive agencies managing technology acquisitions.