HR 1118
Passed a chamber
Replaces the phrase "lowest overall cost alternative" with "best value" in the federal procurement law governing the multiple award schedule program.
Official title: Value Over Cost Act of 2026
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
07-FEB-2025
Referred
07-FEB-2025
Approved by committee
05-FEB-2026
Passed
21-JUL-2026
Senate
Received
22-JUL-2026
- Amends 41 U.S.C. 152(3)(B) by striking "lowest overall cost alternative" and inserting "best value."
- Concerns the multiple award schedule program, as the bill's stated purpose is to provide best value through that program.
- Sets out the short title as the Value Over Cost Act of 2026.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (07-FEB-2025); the text has changed since (Engrossed in House, 21-JUL-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Armed Services Committee (House)
- Oversight and Government Reform Committee (House)
- Homeland Security and Governmental Affairs Committee (Senate)
Government Operations and Politics
■ 1 D
1 Democrat