Federal Aquisitions Act Signing Ceremony

President Clinton Vice President Gore spoke about new legislation designed to streamline government buying practices. The president said… read more

President Clinton Vice President Gore spoke about new legislation designed to streamline government buying practices. The president said the new law cuts red tape for purchases under $100,000 and allows front-line managers to decide on purchases of less than $2,500. He noted that this alone will save an estimated $50 on purchases of items under $2,500. The Federal Acquisition Streamlining Act of 1994 is designed to simplify the goverments purchasing system. The administration estimates that the current process requires 50 dollars in paperwork for ordered goods, and estimates that the law will save about 12 million dollars over the next five years. close

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Federal Aquisitions Act Signing Ceremony

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Program ID:
60838-1
Category:
White House Event
Format:
Statement
Location:
Rose Garden, White House, Washington, District of Columbia, United States
First Aired:
Oct 13, 1994 | 1:50pm EDT | C-SPAN 2
Last Aired:
Oct 14, 1994 | 2:52am EDT | C-SPAN 1

Airing Details

  • Oct 13, 1994 | 1:50pm EDT | C-SPAN 2
  • Oct 13, 1994 | 7:22pm EDT | C-SPAN 2
  • Oct 13, 1994 | 11:26pm EDT | C-SPAN 2
  • Oct 14, 1994 | 2:52am EDT | C-SPAN 1
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Federal Aquisitions Act Signing Ceremony

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