The Federal Acquisition Security Council Improvement Act of 2024, also known as Bill 118 hr 9597, aims to enhance the operations of the Federal Acquisition Security Council (FASC) in order to strengthen the security of federal acquisitions. The FASC is responsible for coordinating efforts to identify and mitigate supply chain risks in federal procurement.
This bill proposes several key provisions to improve the effectiveness of the FASC. Firstly, it calls for the establishment of a permanent chairperson for the council, who will be responsible for overseeing its activities and ensuring that supply chain security remains a top priority. Additionally, the bill seeks to enhance the council's ability to share information and coordinate with other federal agencies, as well as with private sector stakeholders.
Furthermore, the bill includes provisions to strengthen the FASC's ability to conduct risk assessments and develop strategies to address vulnerabilities in the federal supply chain. This includes requiring the council to develop a comprehensive risk management framework and to regularly assess the security of critical supply chains.
Overall, the Federal Acquisition Security Council Improvement Act of 2024 aims to enhance the FASC's ability to identify and mitigate supply chain risks in federal acquisitions, ultimately improving the security of the federal government's procurement process.