ABSTRACT

Congressional Budget Office Cost Estimate: S. 3905, Preventing Organizational Conflicts of Interest in Federal Acquisition Act   [open pdf - 157KB]

From the Document: "S. 3905 would require the Federal Acquisition Regulatory (FAR) Council to update its definition of organizational conflicts of interest and provide federal agencies with language designed to mitigate such conflicts in their solicitation proposals and contracts. CBO [Congressional Budget Office] expects that the FAR Council would need to add new regulatory language and create specific guidance for some agencies. Based on the cost of similar activities, CBO estimates that implementing the bill would cost about $1 million over the 2023-2027 period to update the Federal Acquisition Regulation and for federal agencies to comply with those changes. Enacting the bill could affect direct spending by some agencies that are allowed to use fees, receipts from the sale of goods, and other collections to cover operating costs. CBO estimates that any net changes in direct spending by those agencies would be negligible because most of them can adjust amounts collected to reflect changes in operating costs."

Publisher:
Date:
2022-07-29
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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