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
What stakeholders are saying
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. (2018). 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. February 21, 2018 <https://www.govtrack.us/congress/bills/115/hr3071>
|title=H.R. 3071 (115th)
|accessdate=February 21, 2018
|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.