FIT Procurement Act

The FIT Procurement Act would modernize how the federal government purchases technology and equipment. The bill includes several key reforms: raising the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000 to reduce administrative burdens, requiring cross-functional training for procurement officers handling technology purchases, and allowing federal agencies to use subscription-based pricing models for cloud computing services. The bill also aims to increase competition by making it easier for small businesses and technology innovators to compete for federal contracts. Supporters argue these changes would help agencies access the latest technologies, reduce waste, and save taxpayer dollars by streamlining the procurement process. The bill has bipartisan support and was approved by the House Committee on Oversight and Government Reform in February 2026, making it eligible for a full House floor vote.