President Donald J. Trump announced significant changes to the Federal procurement policy to enhance competition, efficiency, and cost-effectiveness. The existing Federal Acquisition Regulations (FAR) will be revamped through a comprehensive review by the Office of Federal Procurement Policy. “This RFO will reduce more than 40 years of bureaucratic buildup that will unleash our procurement system with generational change and results. We are Making America Great Again,” said OMB Senior Advisor Kevin Rhodes. President Donald J. Trump has unveiled an initiative to reform the Federal procurement system, significantly altering the rules surrounding government purchasing.