1. Short title This Act may be cited as the Buy Smarter and Save Act of 2017 . 2. Establishment of Federal procurement goals (a) Recommendations Beginning with the first fiscal year following the date of the enactment of this Act, and for each succeeding fiscal year, the Director of the Office of Management and Budget, in consultation with the Administrator for Federal Procurement Policy, the Category Management Leadership Council, and a representative from each Executive agency that is not represented on the Category Management Leadership Council, shall provide the President with recommendations for the establishment of the following: (1) An annual Governmentwide goal for Executive agencies to reduce the number of contracts for the procurement of common goods and services. (2) An annual Governmentwide goal for Executive agencies to increase spend under management. (3) An annual Governmentwide goal for Executive agencies to use category management to produce savings. (b) Establishment (1) Governmentwide goals The President shall use the recommendations provided under subsection (a) to establish the annual Governmentwide goals described in such subsection. (2) Individualized goals Notwithstanding paragraph (1), the Director, in consultation with the Administrator for Federal Procurement Policy and the Category Management Leadership Council, may establish specific annual goals for procurement and savings that are customized for an individual Executive agency, which may include goals relating to contract reduction and spend under management. 3. Guidance on implementation of Federal procurement goals (a) Guidance Not later than 90 days after the date of the enactment of this Act, the Director shall develop and issue guidance, in accordance with the requirements described in subsection (b) and the considerations described in subsection (c), for Executive agencies on the implementation of the goals established under section 2(b). (b) Requirements The guidance issued under subsection (a) shall provide, at a minimum,