Federal Acquisition Regulation Council

The Federal Acquisition Regulation Council is a group of U.S. government officials responsible for overseeing and updating the Federal Acquisition Regulation (FAR). The FAR is a set of rules governing how federal agencies acquire goods and services, ensuring transparency, fairness, and efficiency in government spending. The council is composed of representatives from several government departments, and it works to improve procurement practices, adapt to changes in laws, and ensure regulations meet current needs. Essentially, the council helps create a standardized approach to government contracting, making it easier for agencies and businesses to work together.