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ery orders, and other acquisition arrangements in a 
timely, cost-effective, and compliant manner. 
‘‘(5) The ability of an AACE to aggregate de-
mands from multiple executive agencies for similar 
information technology goods or services and fulfill 
those demands in one acquisition. 
‘‘(6) The ability of an AACE to acquire innova-
tive or emerging commercial and noncommercial 
technologies using various contracting methods, in-
cluding ways to lower the entry barriers for small 
businesses with limited Government contracting ex-
periences. 
‘‘(7) The ability of an AACE to maximize com-
mercial item acquisition, effectively manage high-risk 
contract types, increase competition, promote small 
business participation, and maximize use of available 
Governmentwide contracts. 
‘‘(8) The existence of an in-house cost esti-
mating group with expertise to consistently develop 
reliable cost estimates that are accurate, comprehen-
sive, well-documented, and credible. 
‘‘(9) The ability of an AACE to employ best 
practices and educate requesting agencies, to the 
maximum extent practicable, regarding critical fac-
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tors underlying successful major IT acquisitions, in-
cluding the following factors: 
‘‘(A) Active engagement by program offi-
cials with stakeholders. 
‘‘(B) Possession by program staff of the 
necessary knowledge and skills. 
‘‘(C) Support of the programs by senior 
department and agency executives. 
‘‘(D) Involvement by end users and stake-
holders in the development of requirements. 
‘‘(E) Participation by end users in testing 
of system functionality prior to formal end user 
acceptance testing. 
‘‘(F) Stability and consistency of Govern-
ment and contractor staff. 
‘‘(G) Prioritization of requirements by pro-
gram staff. 
‘‘(H) Maintenance of regular communica-
tion with the prime contractor by program offi-
cials. 
‘‘(I) Receipt of sufficient funding by pro-
grams. 
‘‘(10) The ability of an AACE to run an effec-
tive acquisition intern program in collaboration with 
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the Federal Acquisition Institute or the Defense Ac-
quisition University. 
‘‘(11) The ability of an AACE to effectively and 
properly manage fees received for assisted acquisi-
tions pursuant to this section. 
‘‘(f) FUNDS RECEIVED BY AACES.— 
‘‘(1) 
AVAILABILITY.—Notwithstanding 
any 
other provision of law or regulation, funds obligated 
and transferred from an executive agency in a fiscal 
year to an AACE for the acquisition of goods or 
services covered by an area of specialized acquisition 
expertise of an AACE, regardless of whether the re-
quirements are severable or non-severable, shall re-
main available for awards of contracts by the AACE 
for the same general requirements for the next 5 fis-
cal years following the fiscal year in which the funds 
were transferred. 
‘‘(2) TRANSITION
TO
NEW
AACE.—If the 
AACE to which the funds are provided under para-
graph (1) becomes unable to fulfill the requirements 
of the executive agency from which the funds were 
provided, the funds may be provided to a different 
AACE to fulfill such requirements. The funds so 
provided shall be used for the same purpose and re-
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main available for the same period of time as applied 
when provided to the original AACE. 
‘‘(3) RELATIONSHIP
TO
EXISTING
AUTHORI-
TIES.—This subsection does not limit any existing 
authorities an AACE may have under its revolving 
or working capital funds authorities. 
‘‘(g) GOVERNMENT ACCOUNTABILITY OFFICE RE-
VIEW OF AACE.— 
‘‘(1) REVIEW.—The Comptroller General of the 
United States shall review and assess— 
‘‘(A) the use and management of fees re-
ceived by the AACEs pursuant to this section 
to ensure that an appropriate fee structure is 
established and enforced to cover activities ad-
dressed in this section and that no excess fees 
are charged or retained; and 
‘‘(B) the effectiveness of the AACEs in 
achieving the purpose described in subsection 
(a), including review of contracts. 
‘‘(2) REPORTS.—Not later than 1 year after the 
designation or redesignation of AACES under sub-
section (b), the Comptroller General shall submit to 
the relevant congressional committees a report con-
taining the findings and assessment under para-
graph (1). 
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‘‘(h) DEFINITIONS.—In this section: 
‘‘(1) ASSISTED
ACQUISITION.—The term ‘as-
sisted acquisition’ means a type of interagency ac-
quisition in which the parties enter into an inter-
agency agreement pursuant to which— 
‘‘(A) the servicing agency performs acquisi-
tion activities on the requesting agency’s behalf, 
such as awarding, administering, or closing out 
a contract, task order, delivery order, or blanket 
purchase agreement; and 
‘‘(B) funding is provided through a fran-
chise fund, the Acquisition Services Fund in 
section 321 of this title, sections 1535 and 
1536 of title 31, or other available methods. 
‘‘(2) EXECUTIVE AGENCY.—The term ‘executive 
agency’ has the meaning provided that term by sec-
tion 133 of title 41. 
‘‘(3) 
RELEVANT
CONGRESSIONAL
COMMIT-
TEES.—The term ‘relevant congressional commit-
tees’ has the meaning provided that term by section 
11501 of this title. 
‘‘(i) REVISION OF FAR.—The Federal Acquisition 
Regulation shall be amended to implement this section.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
at the beginning of chapter 115 of title 40, United States 
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