On July 4, 2025, the President signed the “One Big Beautiful Bill Act,” which has sweeping tax changes that will affect individuals and businesses.
Agency Update: GSA to Rightsize Multiple Award Schedule Program
Agency: General Services Administration (GSA)
Summary: Press Release announcing a new initiative to improve the effectiveness of the Multiple Award Schedule Program by allowing contracts that fail to meet sales thresholds to expire, addressing contractor non-compliance, reducing redundancies with other procurement channels, and eliminating low-demand items that fail to deliver meaningful procurement benefits.
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