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 Procurement

The Department of the Treasury (Treasury) obtains supplies and services from private institutions to implement the Emergency Economic Stabilization Act of 2008 (EESA). Financial institutions, law firms, accounting firms, consulting firms, and other entities support Treasury’s response to the nation’s financial crisis through implementation of TARP programs. These entities are selected and retained through procurement contracts or Financial Agency Agreements. In an effort to increase transparency and accountability, Treasury publishes procurement contracts and Financial Agency Agreements (FAAs) online with privacy and corporate proprietary information redacted pursuant to the Freedom of Information Act.  

Authorities and Procedures
In implementing the Emergency Economic Stabilization Act of 2008 ("the Act"), Treasury has available two mechanisms for engaging private-sector firms. These mechanisms are financial agent authority, and procurement under the Federal Acquisition Regulation. Treasury will make a determination on which of these authorities best applies on a case by case basis.

Procurement Contracts
Procurement involves the acquisition of supplies or services by contract with appropriated funds from non-federal sources by and for the use of the Federal Government. Treasury obtains supplies and services through contracts issued pursuant to the Federal Acquisition Regulation (FAR) and the Department of the Treasury Acquisition Regulation supplement. View a complete listing of procurement contracts.

Financial Agency Agreements
The Secretary of the Treasury has designated financial institutions to support the implementation of the EESA, including banks, savings associations, credit unions, security brokers or dealers, insurance companies, and other entities to serve as Treasury's financial agents. View a complete listing of financial agency agreements​.

Competition
Procurement opportunities are posted to the Federal Business opportunities website at: www.fedbizopps.gov

Small Business Utilization
Treasury actively encourages the participation of small, minority, veteran, and women-owned businesses in fulfilling its needs. Treasury’s Office of Small and Disadvantaged Business Utilization works closely with TARP and the Small Business Administration to optimize such participation. Where subcontracting opportunities exist for a given work requirement Treasury requires contractors to submit small business subcontracting plans with specific goals for small, minority, veteran, and women-owned business subcontracts. Contact Treasury's Office of Small and Disadvantaged Business Utilization at TreasuryOSDBU@treasury.gov for information on how small businesses may participate in Treasury contracts and agreements. ​


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Last Updated: 8/29/2012 1:54 PM