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OMB

RIN: 0348-AB68

Publication ID: Spring 2011

Title: ●Cost Accounting Standards (CAS) Applicability Threshold
Abstract: The CAS applicability threshold is tied to the TINA threshold, as adjusted. The TINA threshold was recently adjusted for inflation to $700,000, necessitating a change to the CAS applicability threshold. However, instead of identifying a stated dollar amount ($700,000) in the rule, the CASB proposes to change the CAS applicability threshold to "the Truth in Negotiations Act (TINA) threshold, as adjusted for inflation (41 U.S.C. 431(a)) (41 U.S.C. 422(f)(2)(A))." This wording change will allow future changes to the CAS applicability threshold to self execute upon any changes to the FAR TINA threshold.
Agency: Office of Management and Budget(OMB)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 48 CFR 9901 and 9903
Legal Authority: 41 USC 1502(b)(1)(B) [formerly, 41 USC 422(f)(2)(A)]    41 USC 1502(c) [formerly, 41 USC 422(g)]    and 41 USC 1908 [formerly, 41 USC 431(a)]

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  06/00/2011     Final Action  07/00/2011

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