Federal Acquisition Savings Act of 2018

Federal Acquisition Savings Act of 2018 This bill requires executive branch agencies to acquire equipment using the method of acquisition most advantageous to the federal government based on a case-by-case analysis of comparative costs and other factors. The methods of acquisition compared in the analysis must, at a minimum, include purchase, short-term rental or lease, long-term rental or lease, interagency acquisition, and acquisition agreements with a state or a local government. The bill includes exceptions for emergency declarations, major disaster declarations, and other emergency situations.