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Consulting Services

Professional advice and expertise provided by a firm to an organization, often related to strategy, management, operations, or technology. The bill specifically mentions services described under North American Industry Classification System (NAICS) Industry Group code 5416.

Covered Foreign Entities

Foreign governments, or their related organizations, that are identified as potentially undermining the economic and national security of the United States. The bill's title explicitly mentions China as an example.

Federal Acquisition Regulation (FAR)

The primary set of rules used by all U.S. executive agencies for government purchasing. It outlines the procedures and requirements for acquiring goods and services for the federal government.

Conflict of Interest

A situation where a person or organization has a duty to act in the best interest of one party, but also has a personal or financial interest that might influence their judgment or actions in a way that harms that party's interests.

Executive Agency

A department, independent establishment, commission, board, bureau, office, agency, or other establishment in the executive branch of the U.S. Government.

Waiver

An intentional giving up of a right or a temporary exemption from a rule or requirement, typically granted under specific, limited circumstances.