The Office of Management and Budget published twelve proposed rules in the Federal Register on June 23, 2026, marking the first major release in the Revolutionary Federal Acquisition Regulation Overhaul — the most substantial rewrite of federal procurement rules since the FAR was created more than four decades ago.

The rules implement Executive Order 14275, "Restoring Common Sense to Federal Procurement," and collectively cover FAR Parts 1, 2, 3, 4, 5, 6, 7, 10, 18, 24, 26, 29, 33, 37, 39, 40, 41, 49, and 53. The core shift: moving the FAR from a dense, directive-heavy rulebook to a principle-based, outcome-oriented framework that gives contracting officers substantially more discretion. Obsolete, duplicative, and nonessential material is being stripped out.

The proposed rules also introduce a regulatory sunset mechanism — requiring periodic review of FAR provisions — and replace multi-page written acquisition plan requirements with a one-page practitioner tip sheet, with an option for oral acquisition plans where appropriate.

This is the first of three planned release batches. Contractors and acquisition professionals should review the affected parts carefully; several provisions directly touch how agencies structure solicitations, evaluate proposals, and administer contracts. The comment window closes July 23, 2026. FAR Council staff have indicated subsequent releases will follow on a rolling basis through the remainder of 2026.

The full proposed rules are published at acquisition.gov.

Source: Federal Register — FAR Overhaul Proposed Rules, June 23, 2026