Arlington, VA — The American Consumer Institute (ACI), a nonprofit organization committed to protecting consumer interests in legislative and regulatory matters, has announced its strong support for the Federal Improvement in Technology Procurement Act (HR 9595). This legislation aims to raise the micro-purchase threshold (MPT) from $10,000 to $25,000, which ACI believes will lead to greater government efficiency, cost savings for taxpayers, and increased opportunities for small businesses.
Key Takeaways:
- Taxpayer Savings: Raising the MPT could save an estimated $37 million or more by reducing transaction costs associated with small-dollar purchases.
- Increased Efficiency: Reallocating government staff from low-value purchases to higher-value contracts will enable more competitive bidding and potentially greater savings on larger contracts.
- Opportunities for Small Businesses: Increasing the MPT will create additional opportunities for small businesses, which already benefit from a significant share of government procurement contracts.
ACI supports HR 9595 because we see the benefits this legislation will deliver in terms of taxpayer savings, increased competition, and a more efficient procurement process. This measure would support both the government’s operational efficiency and the competitiveness of small businesses across the nation.
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