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 ...
Sponsor and status
Sponsor. Representative for Georgia's 1st congressional district. Republican.
Last Updated: Nov 14, 2017
Length: 3 pages
H.R. 3071 is 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.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
Civic Impulse. (2017). 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. November 24, 2017 <https://www.govtrack.us/congress/bills/115/hr3071>
|title=H.R. 3071 (115th)
|accessdate=November 24, 2017
|author=115th Congress (2017)
|date=June 27, 2017
|quote=Federal Acquisition Savings Act of 2017
Where is this information from?
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