§1908 Inflation Adjustment of Acquisition-related Dollar Thresholds

Summary

Requires the Council (the body named in section 1301 of this title) to update certain dollar thresholds used in federal buying rules every five years. On October 1 of each year divisible by 5, the Council must adjust each acquisition-related dollar threshold set by law back to its baseline constant dollar value. For thresholds that existed on October 1, 2000, the baseline is that date’s constant dollar value. For thresholds created after October 1, 2000, the baseline is the constant dollar value on the threshold’s effective date. This rule does not apply to thresholds in chapters 67 and 83 of this title; certain sections of title 40 (sections 3141–3144, 3146, 3147, and 3131–3134, with any regulatory changes in effect when the exception was made staying in effect); or thresholds set by the U.S. Trade Representative under title III of the Trade Agreements Act of 1979 (19 U.S.C. 2511 et seq.). It replaces other laws that otherwise adjust the same thresholds, and thresholds adjustable here may only be changed under this rule. Adjustments use changes in the Consumer Price Index for all urban consumers published monthly by the Secretary of Labor. After calculating the new amount, each threshold is rounded to set steps: to the nearest $500 if under $10,000; $5,000 if $10,000–$99,999; $50,000 if $100,000–$999,999; $500,000 if $1,000,000–$9,999,999; $5,000,000 if $10,000,000–$99,999,999; $50,000,000 if $100,000,000–$999,999,999; and $500,000,000 if $1,000,000,000 or more. The Council must publish the adjusted thresholds in the Federal Register; they take effect on the publication date and apply to any contract and any subcontract under it that is in effect that day, no matter when it was awarded. If a threshold that should have been adjusted was left out, anyone can petition the Administrator to add it; the Administrator must decide in writing and, if included, publish a revised notice, with the addition effective on that publication date.