Safe and Smart Federal Purchasing Act

This bill would require the Office of Management and Budget to conduct an evaluation of federal agency procurement activities. The review would focus on whether the use of the lowest price technically acceptable source selection process in federal acquisitions has created any risks to national security. Following this evaluation, the agency would be required to submit a report of its findings to Congress.

This bill primarily affects the Office of Management and Budget (OMB), which is tasked with evaluating procurement activities and reporting findings to Congress. Federal agencies are also affected as their procurement activities and source selection processes are subject to this evaluation. Additionally, the bill impacts the federal acquisition workforce involved in the lowest price technically acceptable source selection process.

• Evaluation of procurement activities. The Office of Management and Budget must review federal agency procurement actions to assess if the lowest price technically acceptable source selection process has resulted in national security risks.
• Congressional reporting requirement. The Office of Management and Budget is required to report its findings regarding procurement-related national security risks to Congress.

The bill requires an evaluation of federal agency procurement activities specifically regarding provisions of the Federal Acquisition Regulation that govern the lowest price technically acceptable source selection process.

The bill aims to identify and address potential national security risks arising from federal procurement practices, specifically focusing on the use of the lowest price technically acceptable source selection process.