# 2024-31409: Government Updates Its Trillion-Dollar Shopping Manual Again

2024-31409, Federal Acquisition Regulation; Federal Acquisition Circular 2025-03; Introduction, is a Federal Register rule from an unnamed agency published 2025-01-03, effective 2025-01-17 (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2024-31409
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31409
- Title: Federal Acquisition Regulation; Federal Acquisition Circular 2025-03; Introduction
- Type: Rule
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-03
- Effective: 2025-01-17
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-11

## In one line

Government Updates Its Trillion-Dollar Shopping Manual Again

## Summary

Hey contractors and small businesses! The government just updated some buying rules to make things clearer and fairer, especially about suspensions, business size claims, and subcontracting with Puerto Rican and other territory small businesses. These changes kick in soon, so get ready to follow the new steps and keep your contracts smooth and compliant.

## Abstract

This document summarizes the Federal Acquisition Regulation (FAR) rules agreed to by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) in this Federal Acquisition Circular (FAC) 2025-03. A companion document, the Small Entity Compliance Guide (SECG), follows this FAC.

## Effects PRIA read

- Clearer Suspension and Debarment Rules: benefit, low. If you are a contractor or small business, the FAR was changed to make suspension and debarment procedures more consistent with nonprocurement rules and to increase transparency. These changes take effect January 17, 2025, and are expected to have a positive impact on small businesses though they a…
- Rerepresentation Required for Multiple-Award Orders: cost, low. If you are a small business that claimed a small-business size or socioeconomic status on a multiple-award contract, you must rerepresent your size and/or socioeconomic status for certain orders. This applies to orders set aside under unrestricted multiple-award contracts (unless the order is issue…
- Incentives for Puerto Rico and Territory Small Businesses: benefit, low. The FAR was amended to implement SBA changes that add incentives for certain U.S. territories under the SBA mentor-protégé program (implementing section 861 of Public Law 115-232 and section 866 of Public Law 116-283). The rule also specifies which entities are not required to submit subcontracting…

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## Sources
- [2024-31409 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/03/2024-31409/federal-acquisition-regulation-federal-acquisition-circular-2025-03-introduction)
- [2024-31409 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-03/pdf/2024-31409.pdf)

## Related
- [Previous: 2024-31408, Federal Acquisition Regulation; Federal Acquisition Circular 2025-03; Small Ent…](https://policyrisk.com/federal-register/2024-31408)
- [Next: 2024-31517, International Return Receipt](https://policyrisk.com/federal-register/2024-31517)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2024-31409 (as of 2026-06-11).
