As an externally bonded reinforcement, FRP is prone to debonding from the concrete or masonry substrate. The advantages of anchoring the FRP to the structure have become increasingly apparent as more research has been conducted on anchored FRP applications. Accordingly, designers are starting to use fiber anchors to enhance the performance of FRP strengthened members. ACI PRC 440.2–23 and the ACI CODE 440.13 now include prescriptive design provisions for anchoring FRP U-wraps for shear strengthening of members. In the near future, ACI Committee 440 intends to add design provisions for the use of fiber anchors for other applications. However, to promote widespread use of fiber anchors, it is important that the physical and material properties of fiber anchors be standardized across the industry. ACI Committee 440 is currently developing a material specification that describes the minimum requirements for the physical and mechanical properties of fiber anchors. The material specification will also outline performance tests to qualify the fiber anchors. The availability of such a specification will permit engineers to design fiber anchors uniformly across various manufacturers and to provide a clear definition of what constitutes an acceptable fiber anchor. This will in turn lead to a standardization of how different manufacturers test their anchors and report the anchor properties in technical datasheets. This paper describes the thought process underlying the development of this specification, the minimum requirements to be included, and the technical basis for these requirements.