Sec. 102. Promotion of strategic sourcing in Federal contracting
173 words·~1 min read·
/bill/114/s/1888/is/section-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 6 months after the date of enactment of this Act, and for 4 years annually thereafter, the Director of the Office of Management and Budget shall issue Government-wide savings goals for the strategic sourcing of goods and services by executive agencies required to designate or appoint a Chief Financial Officer as set forth in section 901 of title 31, United States Code. The Director may issue goals required by this section that are customized to individual agencies or sourcing efforts.
In complying with subsection (a), the Director shall provide at a minimum— guidance to executive agencies on calculating savings generated from strategic sourcing efforts; and standards to measure progress towards meeting savings goals established by subsection (a). Not later than 5 years after the date of enactment of this Act, the Director shall submit to Congress a report on the extent of savings realized through the strategic sourcing of goods and services by executive agencies during the period Government-wide savings goals are required to be issued pursuant to subsection (a).