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Covered Foreign Entities

Foreign governments, or organizations linked to them, that may be working to build economic and military power that could then be used to harm the economic and national security of the United States. The bill specifically mentions China as an example.

Conflict of Interest

A situation where a person or organization has competing loyalties or interests that could make it difficult to be fair or impartial, or to act solely in the best interest of one party when also serving another.

Federal Acquisition Regulatory Council

A council composed of representatives from the Department of Defense, General Services Administration, and NASA, responsible for creating and maintaining the rules that govern how the U.S. government buys goods and services.

Federal Acquisition Regulation (FAR)

The main set of rules that federal agencies must follow when buying goods and services. This bill requires changes to these rules.

Executive Agency

A department or agency within the Executive Branch of the U.S. government, such as the Department of Defense or the Department of Energy.

Consulting Services

Professional advice and guidance provided to organizations, often on management, strategy, technology, or other specialized areas. The bill refers to specific industry codes for these services.