I wonder just who they're buying it for (if the plan is to distribute it) or if they're storing it to create a shortage. Weaponized IRS has just taken on a new meaning. I don't know about the legalities of this, but it seems like a rather suspicious purchase for a tax collecting organization.
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Obama started that shit. He could not ban guns so he ordered every federal agency to buy up as much ammo as possible to starve the market and BidAn is doing the same thing. 5.56 / 223 are the big ones they want to starve the public market from getting as well as the smaller 9mm rounds.
This, I remember stories of millions of rounds being purchased during the Obama years for different government agencies.
https://www.investors.com/politics/columnists/obama-homeland-security-vast-ammunition-purchases/