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OMB RIN: 0348-AB65 Publication ID: Spring 2011 
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(b)(14)   
Legal Authority: sec 823 of the National Defense Authorization Act for Fiscal Year 2009 (NDAA FY 2009, PL 110-417)    41 USC 1502(c) [formerly, 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    
NPRM  10/20/2010  75 FR 64684   
NPRM Comment Period End  12/20/2010    
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