Key provisions of Rep. Tom Davis' bill
At a glance
* Creates agency chief procurement officer positions.
* Formalizes the Procurement Executives Council by statute.
* Specifically permits innovative contract types, such as share-in-savings.
* Creates a preference for performance-based contracts.
* Sets aside 5 percent of GWAC fees to fund training for procurement personnel.
* Permits state and local governments to use GSA's IT schedule contracts.
* Raises the threshold for enacting socioeconomic contracting provisions.
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