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Trump Administration to Consolidate Certain Domestic Federal Procurements into GSA


The Trump Administration on March 20, 2025, issued an executive order titled "Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement" (the EO), which will result in a major change in the landscape of federal procurement by making the General Services Administration (GSA) primarily responsible for domestic federal procurement with respect to common goods and services. This EO builds on actions the Trump Administration has taken to date in overhauling the federal procurement system, which includes GSA coordinating "the termination or economization of over 6,000 contracts across the federal government" since Jan. 20, 2025.


Overall, the EO represents a shift in the use of Government-Wide Acquisition Contracts (GWACs), with potential benefits and challenges. By making GSA responsible for managing the procurement of common goods and services, the federal government aims to optimize its spending and improve service delivery, though the transition will require careful management to address any arising issues and transition risks.


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Treasury Department Will Not Enforce BOI Requirements for U.S. Small Businesses. Here's What to Know.


n Sunday, the U.S. Treasury Department announced that it would not enforce the Beneficial Ownership Information (BOI) reporting requirement for U.S. citizens and domestic companies.


Business owners faced a March 21 deadline to complete the report, but the Treasury Department suspended the deadline.


BOI reporting is part of the Corporate Transparency Act (CTA), which passed in 2021 and went into effect in January 2024. The requirement mandated that an estimated 32.6 million small businesses provide personal details, like the names, addresses, and dates of birth, of their owners.


However, its legality was challenged in the courts, and American business owners received ever-changing messages about the report's deadline and whether it was required.


In a series of posts on X, the Treasury Department stated that it would not impose penalties or fines on U.S. citizens or domestic reporting companies for failing to file a BOI report.


U.S. Treasury Secretary Scott Bessent stated on X that suspending BOI reporting was "part of President Trump's bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy."


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Trump Executive Order Calls for Sweeping Review of Government Contracts


On February 26, 2025, President Trump issued an Executive Order (EO) calling for a sweeping review of government contracts over the next 30 days and directing that contracts be terminated or modified to reduce overall federal spending or reallocate spending to promote efficiency and “advance the policies” of the administration.


The EO also directs agencies to adopt systems to track, justify, and publicize “every payment” under government contracts and grants. The EO carves out narrow exceptions for certain types of contracts, including contracts related to the “military.”


The EO—titled “Implementing the President’s ‘Department of Government Efficiency’ Cost Efficiency Initiative”—will set in motion a series of steps across the federal government with a direct and immediate impact on large swaths of the government contracting industry. Heads of procuring agencies are tasked with undertaking significant steps in coordination with the Department of Government Efficiency (DOGE). Numerous questions remain as to the implications of the 30-day review and its implementation, including the EO’s call for a new system for tracking payments to contractors. Contractors should be prepared for potential terminations and changes and be mindful of their contractual remedies.


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