The Federal Acquisition Regulatory Council — comprising OFPP, the Department of Defense, GSA, and NASA — has proposed amendments to Federal Acquisition Regulation Parts 5, 24, 29, and 52 as part of the ongoing effort to overhaul the FAR in its entirety under Executive Order 14275, "Restoring Common Sense to Federal Procurement."

Published in the Federal Register on June 23, 2026, the proposed rule is one of twelve being issued as a package to systematically streamline the FAR, which the executive order describes as burdened with excessive regulations that drive inefficiency and wasteful spending.

FAR Part 5 addresses publicizing contract actions — the rules governing how agencies announce contract opportunities and awards. FAR Part 24 covers protection of privacy and Freedom of Information Act-related requirements in contracting. FAR Part 29 governs taxes, including how tax-exempt status is managed in federal contracts. FAR Part 52 contains clauses and provisions that are incorporated by reference into federal contracts.

Together with related rules affecting other FAR parts, the twelve-rule package represents one of the most comprehensive attempts to restructure federal acquisition regulations in the history of the FAR, which was first codified in 1984.

The comment period will give contractors, small businesses, and industry associations an opportunity to weigh in on the proposed revisions before the FAR Council moves toward a final rule.

Source: Federal Register