View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
OMB | RIN: 0348-AB84 | Publication ID: Fall 2024 |
Title: Agency Waiver of Cost Accounting Standards | |
Abstract:
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. |
|
Agency: Office of Management and Budget(OMB) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 48 CFR sec. 9903.201-5 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: Pub. L. No. 114-328, sec. 820 41 U.S.C. 1502 |
Legal Deadline:
None |
||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Mathew Blum Associate Administrator Office of Management and Budget Office of Federal Procurement Policy, 725 17th Street NW, Washington, DC 20500 Phone:202 680-9579 Email: mathew_c._blum@omb.eop.gov |