What is the purpose of the "Federal Acquisition Streamlining Act"?

The Federal Acquisition Streamlining Act (FASA) was designed primarily to reduce the burdens and constraints that federal procurement processes place on small businesses. By focusing on simplifying and speeding up the acquisition process, FASA aims to enhance opportunities for small businesses to compete for and obtain federal contracts. This legislative effort recognizes the vital role that small enterprises play in the economy and seeks to make the contracting environment more accessible for them.

The other options do not align with the goals of FASA. Increasing government procurement complexity runs counter to its intent, which is to simplify processes. Standardizing all federal contracts across agencies is not a primary goal of the act; rather, it emphasizes flexibility to accommodate various agency needs. Lastly, FASA does not seek to eliminate competition; in fact, it encourages competition by creating a more favorable landscape for a diverse array of contractors, including small businesses.