0348-AB84 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 0348 Office of Management and Budget OMB Agency Waiver of Cost Accounting Standards

Section 820 of the FY 2017 National Defense Authorization Act, Public Law 114-328, raised the dollar cap on the authority of an executive agency to waive the applicability of the Cost Accounting Standards (CAS) on a contract or subcontract with a value of less than $15 million to a value of less than $100 million. CAS is applicable to contracts and subcontracts that meet certain dollar thresholds unless they meet the requirements for certain CAS exemptions or waivers, which include authority for the agency to waive CAS applicability for contracts or subcontracts with a value below a statutorily defined dollar cap. Section 820 raised the capped amount from $15 million to $100 million. Above this cap, the CAS Board retains the authority to waive the applicability of CAS.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No 48 CFR sec. 9903.201-5 Pub. L. No. 114-328, sec. 820 41 U.S.C. 1502 No NPRM 11/00/2023 No No Federal No No No No Mathew Blum Associate Administrator 0348 Office of Management and Budget OMB 202 680-9579 mathew_c._blum@omb.eop.gov Office of Federal Procurement Policy, 725 17th Street NW, Washington DC 20500