Also known as General Services Administration. The GSA is a U.S. government agency responsible for supporting product and service procurement, managing government real estate and buildings, and developing regulations and policies. Established in 1949, the GSA is perhaps most well-known for its development of the GSA Schedules Program, which establishes long-term contracts with commercial companies, allowing government agencies to purchase commercial products and services at volume discounts. The intent of the GSA Schedules Program was to streamline government purchasing and leverage the federal government’s buying power.