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FAR RIN: 9000-AM53 Publication ID: Fall 2014 
Title: Federal Acquisition Regulation (FAR); FAR Case 2011-023, Irrevocable Letters of Credit 
Abstract:

DoD, GSA, and NASA issued a proposed rule to amend the Federal Acquisition Regulation to remove all references to Office of Federal Procurement Policy Pamphlet No. 7, Use of Irrevocable Letters of Credit, and also provide updated sources of data required to verify the credit worthiness of a financial entity issuing or confirming an irrevocable letter of credit.

 
Agency: DOD/GSA/NASA (FAR)(FAR)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 48 CFR 1    48 CFR 28    48 CFR 52   
Legal Authority: 40 USC 121(c)    10 USC ch 137    51 USC 20113   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/07/2013  78 FR 26573   
NPRM Comment Period End  07/08/2013 
Final Rule  10/14/2014  79 FR 61743   
Final Rule Effective  11/13/2014 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Federal 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: Yes 
Agency Contact:
Cecelia L. Davis
Procurement Analyst
DOD/GSA/NASA (FAR)
1800 F Street, NW,
Washington, DC 20405
Phone:202 219-0202
Email: cecelia.davis@gsa.gov