[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)]
[Rules and Regulations]
[Page 4573]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01620]



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 Rules and Regulations
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  Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / 
Rules and Regulations  

[[Page 4573]]



DEPARTMENT OF THE TREASURY

2 CFR Part 1000

RIN 1505-AC48


Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards

AGENCY: Department of the Treasury.

ACTION: Final rule.

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SUMMARY: The Department of the Treasury publishes this rule to adopt as 
a final rule, without change, a joint interim final rule published with 
the Office of Management and Budget (OMB) for all federal award-making 
agencies that implemented guidance on Uniform Administrative 
Requirements, Cost Principles, and Audit Requirements for Federal 
Awards (Uniform Guidance). This rule is necessary to incorporate into 
regulation and thus bring into effect the Uniform Guidance as required 
by OMB for the Department of the Treasury.

DATES: Effective date: February 26, 2016.

FOR FURTHER INFORMATION CONTACT: Michael Briskin, Special Counsel to 
the Assistant General Counsel for General Law, Ethics & Regulation, 
(202) 622-0450.

SUPPLEMENTARY INFORMATION: On December 19, 2014, OMB published a 
rulemaking in the Federal Register finalizing the guidance on Uniform 
Administrative Requirements, Cost Principles, and Audit Requirements 
for Federal Awards (79 FR 75867). As a part of the same rulemaking, OMB 
issued the interim final Federal Awarding Agency Regulatory 
Implementation of Office of Management and Budget's Uniform 
Administrative Requirements, Cost Principles, and Audit Requirements 
for Federal Awards which contained a separate section for each federal 
awarding agency. Where applicable, agencies provided additional 
language beyond that included in 2 CFR part 200, consistent with their 
existing policy, to provide more detail with respect to how they intend 
to implement the policy, where appropriate. Treasury's regulations are 
contained in 2 CFR part 1000 (79 FR 76047).
    The interim final rule went into effect on December 26, 2014. The 
public comment period for the interim final rule closed on February 17, 
2015. The Department of the Treasury received no comments from members 
of the public in response to its section of the joint interim final 
rule. Accordingly, the Department adopts as a final rule without change 
the interim rule amending title 2 to add chapter X of the Code of 
Federal Regulations.

Procedural Matters

Executive Order 12866

    This regulatory action is not a ``significant regulatory action'' 
under Executive Order 12866, ``Regulatory Planning and Review,'' 58 FR 
51735 (October 4, 1993). Accordingly, this rule is not subject to 
review under the Executive Order by the Office of Information and 
Regulatory Affairs within the Office of Management and Budget.

Regulatory Flexibility Act

    The Regulatory Flexibility Act (RFA) requires an agency that is 
issuing a final rule to provide a final regulatory flexibility analysis 
or certify that the rule will not have a significant economic impact on 
a substantial number of small entities. This action is not subject to 
the RFA. The RFA applies only to rules subject to notice and comment 
rulemaking requirements under the Administrative Procedure Act (APA), 5 
U.S.C. 553, or any other statute. This rule is not subject to notice 
and comment requirements under the APA or any other statute because 
this rule pertains to grants, which the APA expressly exempts from 
notice and comment rulemaking requirements. 5 U.S.C. 553(a)(2).

Review Under Executive Order 13132

    OMB determined that the joint interim final rule does not have any 
Federalism implications, as required by Executive Order 13132.

Review Under the Unfunded Mandates Reform Act of 1995

    Section 202 of the Unfunded Mandates Reform Act of 1995 (Unfunded 
Mandates Act) (2 U.S.C. 1532) requires that covered agencies prepare a 
budgetary impact statement before promulgating a rule that includes any 
federal mandate that may result in the expenditure by state, local, and 
tribal governments, in the aggregate, or by the private sector, of $100 
million or more in any one year. If a budgetary impact statement is 
required, section 205 of the Unfunded Mandates Act also requires 
covered agencies to identify and consider a reasonable number of 
regulatory alternatives before promulgating a rule. OMB determined that 
the joint interim final rule will not result in expenditures by state, 
local, and tribal governments, or by the private sector, of $100 
million or more in any one year. Accordingly, this final rule adopting 
the interim final rule without change does not include a budgetary 
impact statement or specifically address the regulatory alternatives 
considered.

Congressional Review Act

    This action is subject to the Congressional Review Act (5 U.S.C. 
801), and the Department of the Treasury will submit a rule report to 
each House of the Congress and to the Comptroller General of the United 
States. This action is not a ``major rule'' as defined by 5 U.S.C. 
804(2).
    Accordingly, the interim rule amending title 2 to add chapter X of 
the Code of Federal Regulations, which was published at 79 FR 75867, on 
December 19, 2014, is adopted as a final rule without change.

Brodi Fontenot,
Assistant Secretary for Management, Department of the Treasury.
[FR Doc. 2016-01620 Filed 1-26-16; 8:45 am]
 BILLING CODE 4810-25-P