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| DOD/DARC | RIN: 0750-AL44 | Publication ID: Spring 2025 |
| Title: Beneficial Ownership Information Requirements (DFARS Case 2021-D026) | |
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Abstract:
DoD is proposing to amend the Defense Federal Acquisition Regulation Supplement to implement section 6403 of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2021. Section 6403 requires any contractor or subcontractor that is subject to the requirement to disclose beneficial ownership information under 31 U.S.C. 5336 to provide such information as part of any bid or proposal for a contract with a value in excess of the simplified acquisition threshold. The revision required by section 6403 will not apply to a covered contractor or subcontractor, as defined in section 847 of the NDAA for FY 2020, that is subject to the beneficial ownership disclosure and review requirements under that section. The annualized costs associated with this rule are estimated at approximately $6 million for the public. |
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| Agency: Department of Defense(DOD) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| EO 14192 Designation: Regulatory | |
| CFR Citation: 48 CFR 204 48 CFR 252 | |
| Legal Authority: 41 U.S.C. 1303 Pub. L. 116-283, sec. 6403 31 U.S.C. 5336 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
| Small Entities Affected: Businesses | Federalism: No |
| Included in the Regulatory Plan: No | |
| Initial (Administrative Startup and /or Capital) Cost: $0 | Yearly (Annual Operating) Cost: $6,000,000 |
| Base Year of the Dollar Estimates: 2024 | RIN Data Printed in the FR: No |
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Agency Contact: Jennifer D. Johnson Office of the Under Secretary of Defense for Acquisition and Sustainment Department of Defense Defense Acquisition Regulations Council Defense Pricing, Contracting, & Acquisition Policy, Defense Acquisition Regulations System, Room 3B938, 3060 Pentagon, Washington, DC 20301-3060 Phone:703 717-8226 Email: jennifer.d.johnson1.civ@mail.mil |
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