AWS CloudFormation provides a common language for you to describe and provision all the infrastructure resources in your cloud environment. It allows you to use a simple text file to model and provision, in an automated and secure manner, all the resources needed for your applications across all regions and accounts. 

from Recent Announcements https://aws.amazon.com/about-aws/whats-new/2019/06/aws-cloudformation-updates-amazon-ec2-ecs-efs-s3-and-more/