10/18/2008

News / DEPARTMENT OF THE TREASURY'S EMERGENCY ECONOMIC STABILIZATION ACT PROCUREMENTS SMALL BUSINESS PARTICIPATION

PROCUREMENT AUTHORITIES AND PROCEDURES
In implementing the Emergency Economic Stabilization Act of 2008, 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.
1. Financial Agent Authority
Treasury has long had the statutory authority to retain financial agents to provide services
on its behalf. Selection of financial agents will occur through processes which will be
posted on the Treasury website. Although the process may be tailored to a specific
situation, typically Treasury prepares a notice to interested and qualified financial
institutions, evaluates the response to that notice, and negotiates one or more financial
agency arrangements. There are no requirements under this authority to set-aside
procurements for small, woman- and minority owned businesses; however, the
Department of the Treasury has included these groups as part of the selection process. If
small businesses determine that they do not meet the minimum requirements stated in the
notices, they may participate as subcontractors.
2. Procurement Contracts under the Federal Acquisition Regulation
Treasury also may obtain supplies or services using a procurement contract under the
Federal Acquisition Regulation (FAR). In general, the FAR requires the solicitation of
offers from all interested sources. However, competition for procurements may be limited
for various reasons, including in circumstances of unusual or compelling urgency.
Certain procurements may be set aside for certain small businesses. Due to the paramount
need for expeditious implementation of the Secretary's authorities under the Act,
Treasury anticipates that, as necessary, certain contracts will be awarded through other
than full and open competition, using the previously established FAR provisions
applicable under conditions of unusual and compelling urgency. Additionally, the Act
grants to the Secretary of the Treasury the authority, under certain specified conditions, to
waive specific provisions of the FAR.
GUIDELINES FOR PURSUING PROCUREMENT OPPORTUNITIES
1. Go to the Emergency Economic Stabilization Act (EESA) webpage on the
Department of the Treasury website at www.treasury.gov/initiatives/eesa/.
2. Please register your e-mail address so that you can receive regular updates on the
EESA Program.
3. Go to the Federal Business Opportunities (FedBizOpps) website at
www.fedbizopps.gov for information on the Department of the Treasury
contracts. FedBizOpps is the U.S. Government’s one-stop virtual marketplace.
4. If you haven’t already, register your firm at www.ccr.gov. Central Contractor
Registration (CCR) is the primary registrant database for the U.S. Federal
Government. CCR collects, validates, stores, and disseminates data in support of
agency acquisition missions, including Federal agency contract and assistance
awards. Also, ensure that you complete your Dynamic Small Business Profile.
5. To expedite contract awards, the Department of the Treasury frequently uses the
General Services Administration (GSA) Schedules Program. If you are not a
contractor in the GSA Schedules Program, but are interested in becoming one, go
to www.gsa.gov for additional information.
6. If your firm is interested in the small business certification programs, such as 8(a)
Business Development, Small and Disadvantaged Business, Historically
Underutilized Business, and Women-Owned, please refer to the U.S. Small
Business Administration website at www.sba.gov/gcbd.
7. Firms may submit a one-page capability statement electronically to the
Department's Office of Small and Disadvantaged Business Utilization at
TreasuryOSDBU@do.treas.gov.
8. If you would like additional information on the Department of the Treasury’s
Small Business Program, please go to www.treasury.gov/osdbu.
http://www.treas.gov/press/releases/reports/smallbusinessparticipation.pdf

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