About the bill
H.R. 3071 requires a revision to the Federal Acquisition Regulation (FAR) directing agencies to consider equipment rental in any cost effectiveness analysis performed prior to acquiring a piece of equipment. The bill also requires the Government Accountability Office to submit a report to Congress two years after enactment on agency decisions to obtain equipment by purchase, lease, or rental.
In 2012, the Government Accountability Office (GAO) reported that agencies annually spent more than $200 billion purchasing or leasing equipment. Purchasing accounted for almost all of the spending. Current rules encourage agencies to assess the cost effectiveness of purchasing equipment versus leasing, but these rules do not include a requirement to consider renting.
Renting equipment can provide a more cost effective and flexible alternative to buying or even leasing. Renting ...
Sponsor and status
Sponsor. Representative for Georgia's 1st congressional district. Republican.
Last Updated: Nov 14, 2017
Length: 3 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on November 13, 2017 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
13 Cosponsors (8 Republicans, 5 Democrats)
What legislators are saying
“THIS WEEK IN CONGRESS - Veterans Day in the Marianas”
— Rep. Gregorio Sablan [D-MP0] on Nov 18, 2017
H.R. 3071 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3071. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2021). H.R. 3071 — 115th Congress: Federal Acquisition Savings Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr3071
“H.R. 3071 — 115th Congress: Federal Acquisition Savings Act of 2017.” www.GovTrack.us. 2017. September 18, 2021 <https://www.govtrack.us/congress/bills/115/hr3071>
Federal Acquisition Savings Act of 2017, H.R. 3071, 115th Cong..
|title=H.R. 3071 (115th)
|accessdate=September 18, 2021
|author=115th Congress (2017)
|date=June 27, 2017
|quote=Federal Acquisition Savings Act of 2017
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.