Federal Acquisition Streamlining Act (FASA)

The Federal Acquisition Streamlining Act (FASA), enacted in 1994, simplifies the process by which the U.S. government purchases goods and services. Its goal is to make procurement more efficient, reduce bureaucracy, and encourage competition and innovation among contractors. By increasing the use of simpler and faster purchasing methods, such as streamlined contracts for smaller projects, FASA aims to improve the government's ability to acquire necessary resources while also ensuring taxpayers’ money is spent wisely. Overall, it seeks to support better service delivery within federal agencies.