The act also expands the use of the Acquisition Workforce Training Fund to include any purpose in the OFPP statute. Currently, the training fund cannot be used for recruiting candidates to the acquisition field.
“Improving the Federal Acquisition Institute is a good first step to address our ongoing procurement challenges” said Sen. Susan Collins (R-Maine), Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, in a statement.
The federal government spends $538 billion on procurement, Collins said in the statement.
“If better training can help avoid overpaying even one percent of total contract spending, the taxpayer would save more than $5 billion each year. The numbers speak for themselves,” Collins said.