Source: Niskanen Center
by Jacob Brown
“There’s broad bipartisan agreement that the federal government pays too much for goods and services yet procurement timelines remain far too slow. Over the past year, the Trump administration has been working on the ‘Revolutionary FAR Overhaul’ (RFO), described in an executive order as an effort to ‘create the most agile, effective, and efficient procurement system possible.’ To achieve this, the EO directs an overhaul of the Federal Acquisition Regulation (FAR) and agency supplements so that they contain ‘only provisions required by statute or essential to sound procurement.’ So far, the administration has succeeded in making provisional changes to the FAR, which many agencies have adopted.” (04/23/26)