Economy Act: An Overview
This product is also designated as B-338717, Sept 15, 2026. The Economy Act provides authority for intra- and interagency transactions between agencies and major organizational units of agencies. The Act broadly applies to federal entities for the procurement of a wide variety of goods and services. However, the Economy Act does not authorize an agency to circumvent statutory limitations on its use of appropriated funds. An agency may only procure goods and services under the Economy Act that it is already authorized to procure, and Economy Act transactions must comply with the Act’s requirements, as well as general appropriations law principles, such as the purpose statute, the bona fide n.
Reported by Maria LopezEconomy Act: An Overview.
The item is dated Tue, 15 Sep 2026 10:03:52 -0400.
TeamCog is carrying it as a audits report from GAO reports and testimonies RSS.
This product is also designated as B-338717, Sept 15, 2026.
The Economy Act provides authority for intra- and interagency transactions between agencies and major organizational units of agencies.
The Act broadly applies to federal entities for the procurement of a wide variety of goods and services.
However, the Economy Act does not authorize an agency to circumvent statutory limitations on its use of appropriated funds.
An agency may only procure goods and services under the Economy Act that it is already authorized to procure, and Economy Act transactions must comply with the Act’s requirements, as well as general appropriations law principles, such as the purpose statute, the bona fide n…
Official Source
GAO reports and testimonies RSS. Accessed 2026-09-15T15:00:12.312Z.