Regulatory Alerts2026-04-08
Excess Personal Property Guidance
The U.S. Securities and Exchange Commission issued this guidance to establish a framework for SEC personnel to systematically check for and acquire excess personal property, including IT assets, software, and furniture, from the General Services Administration’s web-based system. The directive requires designated SEC offices to conduct quarterly searches and apply defined practicability and suitability factors—such as cost-effectiveness, security compliance, and warranty availability—before procuring items above the $10,000 micro-purchase threshold. By prioritizing available government inventory over new purchases, the SEC aims to reduce acquisition costs while maintaining operational efficiency and compliance with federal cybersecurity directives.