The responsibilities and statutory authorities of the Federal Acquisition Institute are stated in the Office of Federal Procurement Policy Act in Title 41 of the United States Code (41 U.S.C.). According to the Act, FAI is located within the General Services Administration and receives policy direction from the Administrator of the Office of Federal Procurement Policy (OFPP), which is part of the Office of Management and Budget (OMB).
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The Federal Acquisition Institute Improvement Act of 2011 (41 U.S.C. 1201(a)) defines 12 FAI Statutory Requirements, which are presented below.
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FAI is charged with promoting the development of a professional federal acquisition workforce (41 U.S.C. 1122(a)).
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FAI is also charged with supporting the heads of executive agencies in their efforts to manage and develop a professional acquisition workforce (41 U.S.C. 1703).
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FAI is charged with the administration of the Acquisition Workforce Training Fund (41 U.S.C. 1703(1)(2)-(8)).
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FAI also works closely with the Chief Acquisition Officers Council (CAOC), which provides a senior-level forum for monitoring and improving the federal acquisition system (41 U.S.C. 1311-1312).
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The Office of Management and Budget's Office of Federal Procurement Policy and the General Services Administration signed a Service Level Agreement on 30 March 2013 outlining the management and performance of the Federal Acquisition Institute.
