President Trump Signs Executive Order to Streamline Federal Procurement

WASHINGTON (Reuters) – U.S. President Donald Trump signed an executive order on Tuesday aimed at simplifying and streamlining the Federal Acquisition Regulation (FAR), which governs federal procurement.

The Order directs Trump’s administration to make the FAR more efficient by ensuring it only contains provisions required by law or essential for secure and cost-effective procurement. The White House emphasized this initiative in a recent statement.

The FAR serves as the main regulation for all executive agencies in the acquisition of supplies and services using appropriated funds.