This paper reports details of a numerical study undertaken to evaluate seismic response factors for steel eccentrically braced frames (EBFs) using the FEMA P695 methodology. Six archetypes were designed by making use of the current U.S. specifications, and their behavior was assessed by making use of nonsimulated collapse models. Results indicate that the current values of response factors result in designs with higher collapse probabilities than expected. Two modifications were developed to bring the collapse probability of these archetypes to acceptable levels. The first modification is on the deflection amplification factor while the second one is on the response modification coefficient. Six archetypes were redesigned using the proposed modifications and reevaluated using the FEMA P695 methodology. The results indicate that the proposed modifications are adequate to satisfy the target collapse probability. Maximum and cumulative link rotation angles were observed to be less than the predefined limits.