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OMB

RIN: 0348-AB65

Publication ID: Fall 2010

Title: Cost Accounting Standards (CAS) Overseas Exemption
Abstract: The Cost Accounting Standards Board is required by sec. 823 of NDAA fiscal year 2009 to review the inapplicability of Cost Accounting Standards (CAS) to contracts and subcontracts executed and performed outside the United States by a contractor who would be subject to CAS, but for the fact that the contract or subcontract is executed and performed entirely outside the United States, the CAS overseas exemption.
Agency: Office of Management and Budget(OMB)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Long-Term Actions
Major: No	Unfunded Mandates: No
CFR Citation: 48 CFR 9903.201-1(6)(14)
Legal Authority: sec 823 of the National Defense Authorization Act for Fiscal Year 2009 (NDAA FY 2009, PL 110-417)    41 USC 422(g)

Legal Deadline:  None

Timetable: Action Date FR Cite Notice of Request for Information and Comments  04/23/2009  74 FR 18491    Notice of Request for Information Comment Period End  05/26/2009     Next Action Undetermined  To Be Determined

Additional Information: A report was due to Congress by mid-July 2009 on what the CAS Board plans to do about the overseas exemption.
Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Raymond Wong Cost Accounting Standards Board Director Office of Management and Budget Office of Federal Procurement Policy, 9th Floor, 1800 G Street NW., Washington, DC 20006 Phone:202 395-6805 Email: raymond_wong@omb.eop.gov