Jeff Bingaman: “Last year, Congress enacted a bipartisan bill to put an end to antiquated and expensive procurement rules that governed…”

“Last year, Congress enacted a bipartisan bill to put an end to antiquated and expensive procurement rules that governed the way Federal agencies buy goods and services. The Federal Acquisition Streamlining Act of 1994, spearheaded by the distinguished Senator from Ohio, Senator Glenn and the distinguished Senator from Delaware, Senator Roth, repealed or modified more than 225 outdated laws. The goal of the legislation was simplification, and much to the credit of Senators Roth and Glenn, it is being realized today. Already, dozens of Federal agencies are changing the way they do business. They are functioning like cost-conscious private businesses, getting rid of old rules that, more often than not, led to 'spending millions to save thousands and thousands to save hundreds.' In the Senate, our offices may not spend millions to save thousands, but I would bet that we often spend 'hundreds to save tens' and 'tens to save pennies.'”