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AID RIN: 0412-AB01 Publication ID: Spring 2022 
Title: United States Agency for International Development 2 CFR 700--Removing the Program Income Restriction on For-Profit Entities 
Abstract:

The U.S. Agency for International Development (USAID) proposes to amend the Agency’s policies for administering Federal awards codified as 2 CFR part 700. Currently, for-profit entities that are recipients of Federal financial assistance from USAID cannot add program income to the Federal award. Program income must be either deducted from total allowable costs to determine the net allowable costs or used to meet the cost sharing or matching requirement of the Federal award. USAID intends to remove this restriction by amending its regulation to allow for-profit entities that are recipients of Federal financial assistance from USAID to add program income to the Federal award with prior approval from USAID.

 
Agency: Agency for International Development(AID)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 2 CFR 700   
Legal Authority: Pub. L. 87–195, sec. 621(a)    22 U.S.C. 2381    (as amended)    E.O. 12163 (44 FR 56673)    75 Stat. 445   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2022 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lyudmila Bond
Agency for International Development
Phone:202 916-2622
Email: lbond@usaid.gov