12/02/2024 | Press release | Distributed by Public on 12/02/2024 12:28
In a letter to Speaker Mike Johnson, SIIA urges Congress to include H.R. 9595, the Federal Improvement in Technology (FIT) Procurement Act, in the FY25 National Defense Authorization Act. This bipartisan legislation seeks to modernize federal technology procurement, fostering innovation and efficiency by streamlining acquisition practices, enabling subscription-based pricing for AI and cloud services, and expanding opportunities for startups and small businesses. By raising the Micro-Purchase Threshold and Simplified Acquisition Threshold, the Act would enhance competition, reduce bureaucratic delays, and equip federal agencies with tools to adopt cutting-edge technologies.
SIIA emphasizes the critical importance of these updates to empower federal agencies to meet evolving technological needs effectively. The Act's provisions, including support for training procurement officers and promoting flexible, high-quality solutions, align with broader goals of government modernization and national security. Incorporating H.R. 9595 into the NDAA would represent a vital step forward in ensuring the U.S. remains a global leader in technology innovation while maximizing value and efficiency in federal procurement.