EO mandates simplifying the 2000+ page Federal Acquisition Regulation & agency supplements within 180 days, removing non-essential rules, and adding sunset clauses, aiming to boost efficiency & ease business with govt. This order prioritizes speed and ease of doing business by slashing federal procurement regulations. While aiming to boost efficiency and the industrial base, this deregulatory push risks sacrificing critical oversight or embedded public policy goals (like labor or environmental standards) for faster transactions, potentially shifting focus away from best value towards cheapest or quickest.