HR 9596 · 118th Congress · Government Operations and Politics
Value Over Cost Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 755.(2024-12-19)
Plain Language Summary
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Value Over Cost Act of 2024 This bill specifies that contracts and orders under the multiple award schedule program of the General Services Administration (GSA) may be evaluated on best value , rather than lowest overall cost, if the GSA determines that to be in the best interests of the federal government. ( Best value allows consideration of non-cost factors when evaluating contract proposals to determine the offer that provides the greatest overall benefit. The GSA's multiple award schedules provide federal agencies with a simplified process for obtaining commercial supplies and commercial services at prices associated with volume buying.) …
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 9596, Value Over Cost Act
Dec 11, 2024As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 20, 2024
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (4)
1 Democrat3 Republicans