PSC Member Briefing: FAR Overhaul Phase II Update

PSC Member Briefing: FAR Overhaul Phase II Update

MEETING DESCRIPTION
Available exclusively for members, PSC’s Member Briefing is an in-depth presentation by PSC executive staff on agency and market-specific drivers relevant to your business. If you are not a PSC member and would like to discuss membership, please email membership@pscouncil.org. 


The Administration’s Revolutionary FAR Overhaul (RFO) initiative represents one of the most significant efforts to modernize the Federal Acquisition Regulation in decades. Join PSC for a member briefing on the latest developments, the administration’s objectives, and the potential implications for federal contractors.

Phase II of the RFO moves beyond the initial restructuring effort and into substantive revisions to FAR parts and clauses that govern how contractors do business with the federal government. As agencies begin issuing deviations, revised regulatory text, and implementation guidance, contractors face increasing uncertainty regarding compliance obligations, procurement processes, and the long-term direction of acquisition policy.

During this session, PSC’s Sebastian Herrick will provide an overview of the Phase II rulemaking, including key proposed revisions, recent implementation activities, and areas where agencies are seeking stakeholder input. The briefing will examine potential impacts on competition, contract administration, socioeconomic programs, commercial item acquisitions, and contractor-business relationships. Attendees will also gain insight into the administration’s broader acquisition reform strategy and the implications for future federal contracting opportunities.
 

POLICY LEAD



Sebastian Herrick
Director, Procurement Policy
Link to Bio




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DATE
July 14, 2026

TIME

12:00 - 1:00 p.m. ET

LOCATION
Virtual Meeting
 
PRICE
Free for members
 
 
When
7/14/2026 12:00 PM - 1:00 PM
Where
Virtual
Registration not available.

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