What Does FASA Stand For?

FASA stands for Federal Acquisition Streamlining Act Of 1994

The Federal Acquisition Streamlining Act of 1994 (FASA) is a U.S. federal law designed to simplify and improve the procurement process for federal agencies. Its primary objectives include reducing bureaucratic burdens, enhancing competition, and ensuring that government contracting practices are efficient, transparent, and responsive to the needs of both agencies and contractors. FASA introduced several reforms aimed at consolidating procurement regulations and promoting the use of innovative purchasing methods, ultimately fostering a more responsive and accountable federal acquisition system.