[Federal Register Volume 64, Number 208 (Thursday, October 28, 1999)]
[Proposed Rules]
[Page 58282]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27993]



[[Page 58281]]

_______________________________________________________________________

Part V

Department of Defense

General Services Administration

National Aeronautics and Space Administration
_______________________________________________________________________



48 CFR Parts 28 and 52



Federal Acquisition Regulation; Increased Payment Protection; 
Withdrawal of Proposed Rule

  Federal Register / Vol. 64, No. 208 / Thursday, October 28, 1999 / 
Proposed Rules  

[[Page 58282]]



DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

48 CFR Parts 28 and 52

[FAR Case 98-014]
RIN 9000-AI21


Federal Acquisition Regulation; Increased Payment Protection

AGENCIES: Department of Defense (DoD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Withdrawal of proposed rule.

-----------------------------------------------------------------------

SUMMARY: The Civilian Agency Acquisition Council and the Defense 
Acquisition Regulations Council (Councils) agreed to withdraw FAR Case 
98-014, Increased Payment Protection, in light of the recent enactment 
of the Construction Industry Payment Protection Act of 1999, Public Law 
106-49. The proposed rule was published in the Federal Register at 63 
FR 71711, December 29, 1998.

FOR FURTHER INFORMATION CONTACT: The FAR Secretariat, Room 4035, GS 
Building, Washington, DC 20405, (202) 501-4755 for information 
pertaining to status or publication schedules. For clarification of 
content, contact Mr. Jack O'Neill, Procurement Analyst, at (202) 501-
3856. Please cite FAR case 98-014, withdrawal.

SUPPLEMENTARY INFORMATION:

A. Background

    The rule which was published in the Federal Register at 63 FR 
71711, December 29, 1998, proposed to increase the required penal 
amount of payment bonds on construction contracts over $6,250,000 and 
to allow the contracting officer to increase the amount of any payment 
bond or alternative payment protection to an amount not to exceed the 
contract price, if the contracting officer decides that a greater 
amount is appropriate.
    Due to the recent enactment of the Construction Industry Payment 
Protection Act of 1999, Public Law 106-49, this rule is being withdrawn 
and proposed changes will be overtaken by the revisions and regulatory 
changes that will result from the legislation.

List of Subjects in 48 CFR Parts 28 and 52

    Government procurement.

    Dated: October 21, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-27993 Filed 10-27-99; 8:45 am]
BILLING CODE 6820-EP-P