§1908 Inflation Adjustment of Acquisition-related Dollar Thresholds

Summary

Requires the Council (as defined in section 1301) to update the dollar amounts in laws that decide when certain federal buying rules apply. The Council must make these updates on October 1 of any year evenly divisible by 5. For amounts that existed on October 1, 2000, the baseline is their value on that date; for amounts created later, the baseline is their value on the law’s effective date. Some thresholds are excluded, including those in chapters 67 and 83 of this title, certain sections of title 40 (sections 3141–3144, 3146, 3147, and 3131–3134 with a specific regulatory exception), and amounts set by the U.S. Trade Representative under the Trade Agreements Act. These rules replace other laws that would otherwise change the same thresholds. The Council must publish the new amounts in the Federal Register, and they take effect when published. The new amounts apply to contracts and any subcontracts already in effect on that date, no matter when they were awarded. Changes are calculated using the Consumer Price Index for all urban consumers (CPI‑U) from the Department of Labor and then rounded as follows: less than $10,000 to the nearest $500; $10,000–$99,999 to the nearest $5,000; $100,000–$999,999 to the nearest $50,000; $1,000,000–$9,999,999 to the nearest $500,000; $10,000,000–$99,999,999 to the nearest $5,000,000; $100,000,000–$999,999,999 to the nearest $50,000,000; $1,000,000,000 or more to the nearest $500,000,000. If a threshold was missed in the notice, anyone can petition the Administrator to add it; the Administrator must decide in writing and, if approved, publish a revised notice that takes effect on its publication date.