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Value Over Cost Act of 2025

Bill Number
S. 2118
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Government Operations and Politics
Status
Introduced
Latest Action
2025-06-18: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Last Updated
2025-12-06T06:52:12Z

AI-Generated Summary

Purpose of the Legislation

The "Value Over Cost Act of 2025" (S. 2118) aims to update federal procurement rules to prioritize "best value" in government contracts under the multiple award schedule program. This program, managed by the General Services Administration (GSA), allows federal agencies to purchase goods and services from pre-qualified vendors through streamlined schedules rather than competitive bidding for each purchase. The act shifts emphasis from strictly the lowest price to a broader evaluation that includes quality, performance, and overall benefits to the government.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Scott, Tim [R-SC]

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