August 2, 2022
Bipartisan Federal Procurement Bill Would Expand Incentives for 100% ESOP Contractors
Senators Gary Peters (D-MI) and Joni Ernst (R-IA) have introduced S. 4623, the AGILE Procurement Act of 2022, which aims to streamline federal procurement practices in the technology area. Peters chairs the Senate’s Homeland Security and Governmental Affairs Committee.
The bill includes a provision to extend the pilot program established in the National Defense Authorization Act (see this earlier blog post) that allows 100% ESOP-owned companies to qualify for sole-source follow-on contracting with the Department of Defense by making the five-year pilot program applicable to all federal agencies.