Innovative procurement methods

(a) Increase in simplified acquisition threshold Section 134 of title 41, United States Code, is amended by striking $250,000 and inserting $500,000. (b) Simplified procedures for small purchases Section 1901(a)(2) of title 41, United States Code, is amended by striking $5,000,000 and inserting $10,000,000. (c) Increase in micro purchase threshold Section 1902(a)(1) of title 41, United States Code, is amended by striking $10,000 and inserting $25,000. (d) Advances for commercial technology subscriptions and tenancy Section 3324(d) of title 31, United States Code, is amended— (1) in paragraph (1)(C), by striking; and and inserting a semicolon; (2) in paragraph (2)— (A) by inserting or commercially available content after publication; and (B) by striking the period at the end and inserting; and; and (3) by adding at the end the following new paragraph: (3) charges for information and communications technology subscriptions, reservations, or tenancy, which means the sharing of computing resources in a private or public environment, including cloud environments, for which the ordering agency defines appropriate access and security standards..