FIT Procurement Act
What changed between versions
New Section 5 raises the major program threshold from $75 million (FY1980 dollars) to $275 million (FY2024 dollars) and from $300 million to $1.3 billion, and raises a related threshold from $750,000 to $2 million. This means far more contracts will qualify as major programs requiring additional oversight.
New Section 5(b) raises the cost or pricing data submission thresholds from $2 million to $10 million and from $750,000 to $2 million, with a transition period: prime contracts entered into after June 30, 2026 use the new higher thresholds, while earlier contracts retain the old ones. This reduces the number of contracts requiring detailed cost or pricing data submissions.
New Section 4(b) increases the simplified procedures threshold under section 1901(a)(2) of title 41 from $5 million to $10 million, allowing agencies to use faster, less formal procurement methods for larger purchases.
Section 3(a) changes the experiential learning pilot program from a mandatory requirement ('shall establish') to a discretionary one ('may establish'), giving the Federal Acquisition Institute Director the option but not the obligation to create it.
Section 3(b)(1) changes the ICT acquisition training program from mandatory ('shall develop and implement') to discretionary ('may develop and implement').
Section 3(b)(3) changes the training update requirement from mandatory ('shall be updated... at least every 2 years') to discretionary ('may be updated... not less frequently than once every 2 years').
Multiple grammatical and stylistic corrections throughout, including adding 'that term' instead of 'the term' in cross-references, capitalizing 'Congress,' adding specific subsection references (e.g., section 1702(a) instead of 1702), changing 'privacy' to 'privacy rights,' and reorganizing flat lettered lists into nested sub-items.
Section 7 (formerly Section 6) changes the Comptroller General report recipient from 'Congress' generally to 'the relevant committees of Congress' specifically, and restructures the report content items slightly without changing substance.