PROMOTING RIGOROUS AND INNOVATIVE COST …

PUBLIC LAW 117 88 FEB. 22, 2022. PROMOTING RIGOROUS AND INNOVATIVE . COST EFFICIENCIES FOR FEDERAL. PROCUREMENT AND ACQUISITIONS ACT OF. 2021. jmbennett on LAP3P8D0R2 PROD with PUBLAW. VerDate Sep 11 2014 15:59 Feb 23, 2022 Jkt 029139 PO 00088 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\ PUBL088. 136 STAT. 20 PUBLIC LAW 117 88 FEB. 22, 2022. Public Law 117 88. 117th Congress An Act Feb. 22, 2022 To promote INNOVATIVE acquisition techniques and procurement strategies, and for [S. 583] other purposes. Be it enacted by the Senate and House of Representatives of PROMOTING the United States of America in Congress assembled, RIGOROUS and INNOVATIVE Cost SECTION 1. SHORT TITLE. Efficiencies for Federal This Act may be cited as the PROMOTING RIGOROUS and Innova- Procurement and tive Cost Efficiencies for Federal Procurement and Acquisitions Acquisitions Act Act of 2021'' or the PRICE Act of 2021''.

small business participation in the Federal marketplace is key to ensuring a strong industrial base; the Business Opportunity Development Reform Act of 1988 (Public Law 100–656) sets forth the requirement for the President to establish Government-wide goals for procurement contracts awarded to small businesses;

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