Hold My Beer: The Trump Administration’s Bold Plan to Rewrite the FAR
McCarter & English – On April 15, 2025, President Trump issued a sweeping executive order titled “Restoring Common Sense to Federal Procurement.” The EO promises to rewrite the Federal Acquisition Regulation (FAR), eliminate most non-statutory provisions, and usher in the “most agile, effective, and efficient procurement system possible.” As the first comprehensive overhaul of the FAR in its nearly 40-year history, the forthcoming changes may dramatically reshape how businesses of all stripes engage with the federal government. At risk are non-statutory policies on commercial item contracting, code of conduct and disclosure requirements, payment processing structures and socioeconomic programs favoring veteran-owned and women-owned businesses.