[Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Office of Management and Budget Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


Part XXXV





Office of Management and Budget





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Semiannual Regulatory Agenda

[[Page 23666]]



OFFICE OF MANAGEMENT AND BUDGET (OMB)                                  


  



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OFFICE OF MANAGEMENT AND BUDGET

5 CFR Ch. III and 48 CFR Ch. 99

Federal Regulations; OMB Circulars, OFPP Policy Letters, and CASB Cost 
Accounting Standards Included in the Semiannual Agenda of Federal 
Activities

AGENCY:  Office of Management and Budget.

ACTION:  Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY:  The Office of Management and Budget (OMB) is publishing its 
semiannual agenda of upcoming activities for OMB Circulars, Office of 
Federal Procurement Policy (OFPP) Policy Letters, and Cost Accounting 
Standards Board (CASB) Cost Accounting Standards.

     OMB Circulars and OFPP Policy Letters are published in 
accordance with OMB's internal procedures for implementing 
Executive Order 12866 (October 4, 1993, 58 FR 51735). OMB policy 
guidelines are issued under authority derived from several sources 
including: subtitles I, II, and V of title 31, United States Code; 
Executive Order 11541; and other specific authority as cited. OMB 
Circulars and OFPP Policy Letters communicate guidance, 
instructions of a continuing nature to executive branch agencies. 
As such, most OMB Circulars and OFPP Policy Letters are not 
regulations. Nonetheless, because these issuances are typically of 
public interest, they are generally published in the Federal 
Register in both proposed (for public comment) and final stages. 
For this reason, they are presented below in the standard format of 
``prerule,'' ``proposed rule,'' and ``final rule'' stages.

     CASB Cost Accounting Standards are issued under authority 
derived from 41 U.S.C. 422. Cost Accounting Standards are rules 
governing the measurement, assignment, and allocation of costs to 
contracts with the United States Government.

     For purposes of this agenda, we have excluded directives that 
outline procedures to be followed in connection with the 
President's budget and legislative programs and directives that 
affect only the internal functions, management, or personnel of 
Federal agencies.

FOR FURTHER INFORMATION CONTACT:  See agency person listed for each 
entry in the agenda, c/o Office of Management and Budget, Washington, 
DC 20503. On the overall agenda, contact Robert L. Nabors II, (202) 
395-3060, at the above address.

Dated:  March 6, 2000.

 Robert L. Nabors II,

Executive Secretary and Assistant Director for Administration.

                              Office of Management and Budget--Proposed Rule Stage
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
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3673        Revision of OMB Circular A-127 To Implement the Federal Financial Management             0348-AB46
            Improvement Act (FFMIA) and To Reflect Updated Financial Management Policies........
3674        Policies on Management of Federal Information Resources (OMB Circular No. A-130)....     0348-AB36
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                                Office of Management and Budget--Final Rule Stage
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3675        Cost Principles for Educational Institutions (OMB Circular A-21)....................     0348-AB50
3676        Cost Accounting Standards Administration............................................     0348-AB25
3677        Subcontracting Plans................................................................     0348-AB31
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                               Office of Management and Budget--Completed Actions
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
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3678        Prompt Pay Regulation...............................................................     0348-AB47
3679        Goals for Procurement Contracts.....................................................     0348-AB51
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[[Page 23667]]

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OFFICE OF MANAGEMENT AND BUDGET (OMB)               Proposed Rule Stage


  



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3673. REVISION OF OMB CIRCULAR A-127 TO IMPLEMENT THE FEDERAL FINANCIAL 
MANAGEMENT IMPROVEMENT ACT (FFMIA) AND TO REFLECT UPDATED FINANCIAL 
MANAGEMENT POLICIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 503 et seq, Chief Financial Officer's Act of 
1990; PL 104-208, Federal Financial Management Improvement Act of 1996; 
31 USC 3111

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Federal Financial Management Improvement Act (FFMIA) of 
1996 requires that financial management systems at each Federal agency 
covered by the CFOs Act, substantially comply with Federal financial 
management systems requirements, applicable Federal accounting 
standards, and the U.S. Government Standard General Ledger at the 
transaction level. The revisions are to incorporate this and other 
policy updates since the 1993 issuance of the last revision to A-127.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               05/00/00
Final Revision                  08/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Federalism:  Undetermined

Agency Contact: Jean Holcombe, Office of Federal Financial Management, 
Office of Management and Budget, Room 6025, NEOB, 725 17th Street NW, 
Washington, DC 20503
Phone: 202 395-5048
Email: [email protected]

RIN: 0348-AB46
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3674. POLICIES ON MANAGEMENT OF FEDERAL INFORMATION RESOURCES (OMB 
CIRCULAR NO. A-130)

Priority: Substantive, Nonsignificant

Legal Authority: PL 104-106

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OMB Circular A-130, Management of Federal Information 
Resources, establishes policies for the management of Federal 
information resources and provides certain procedures and analytical 
guidelines for implementing specific aspects of these policies. OMB is 
reviewing the Circular for consistency with the Information Technology 
Management Reform Act (ITMRA) of 1996, Public Law 104-106. This 
proposed revision is consistent with the National Performance Reviews 
reinventing government efforts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               05/00/00
Final Revision                  08/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jasmeet Seehra, Senior Policy Analyst, Office of 
Management and Budget, Room 10236, NEOB, 725 17th Street NW, 
Washington, DC 20503
Phone: 202 395-3785

RIN: 0348-AB36
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OFFICE OF MANAGEMENT AND BUDGET (OMB)                  Final Rule Stage


  



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3675. COST PRINCIPLES FOR EDUCATIONAL INSTITUTIONS (OMB CIRCULAR A-21)

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 503 et seq, Chief Financial Officer's Act of 
1990; 31 USC 1111

CFR Citation: None

Legal Deadline: None

Abstract: OMB's final proposal for a standard format to submit rate 
proposals by educational institutions under OMB Circular A-21.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               08/12/99                    64 FR 44062
Final Revision                  04/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Federalism:  Undetermined

Agency Contact: Gilbert Tran, Technical Manager, Office of Management 
and Budget, Room 6025, NEOB, Office of Federal Financial Management, 
725 17th Street NW, Washington, DC 20503
Phone: 202 395-3993
Fax: 202 395-4915
Email: [email protected]

RIN: 0348-AB50
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3676. COST ACCOUNTING STANDARDS ADMINISTRATION

Priority: Substantive, Nonsignificant

Legal Authority: 41 USC 422

CFR Citation: 48 CFR 99

Legal Deadline: None

Abstract: The Cost Accounting Standards Board is proposing to revise 
its rules concerning cost accounting practice changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/25/95                    60 FR 20252
ANPRM Comment Period End        07/10/95
NPRM                            09/18/96                    61 FR 49196
NPRM Comment Period End         12/02/96
NPRM Comment Period Extended to 
09/12/1997                      07/14/97                    62 FR 37654
NPRM Comment Period Extended to 
10/19/1999                      08/20/99                    64 FR 45700
Final Action                    06/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Procurement: This is a procurement-related action for which there is no 
statutory requirement. There is no paperwork burden associated with 
this action.

Agency Contact: Rudolph J. Schuhbauer, Project Director, Cost 
Accounting Standards Board, Office of Management and Budget, Office of

[[Page 23668]]

Federal Procurement Policy, Washington, DC 20503
Phone: 202 395-3254
Fax: 202 395-5105

RIN: 0348-AB25
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3677. SUBCONTRACTING PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 637(d); PL 103-355, sec 1091; 41 USC 405

CFR Citation: 48 CFR 19.7

Legal Deadline: None

Abstract: OFPP proposes to issue a Final Policy Letter that covers 
subcontracting plans. This Policy Letter supersedes and cancels OFPP 
Policy Letter 80-1, 80-2, Supplement No. 1 to 80-2, and 80-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Policy Letter          09/26/95                    60 FR 49644
Second Proposed Policy Letter   04/02/99                    64 FR 16001
Final Policy Letter             05/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: None

Procurement: This is a procurement-related action for which there is a 
statutory requirement. There is no paperwork burden associated with 
this action.

Agency Contact: Michael Gerich, Deputy Associate Administrator, Office 
of Management and Budget, Office of Federal Procurement Policy, 
Washington, DC 20503
Phone: 202 395-6811
Fax: 202 395-5105

RIN: 0348-AB31
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OFFICE OF MANAGEMENT AND BUDGET (OMB)                 Completed Actions


  



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3678. PROMPT PAY REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC ch 39

CFR Citation: None

Legal Deadline: None

Abstract: This rule replaces OMB Circular A-125 ``Prompt Pay.'' These 
revised ``Prompt Pay'' rules incorporate provisions of the Debt 
Collection Improvement Act of 1996 and OMB has adopted them as codified 
regulations at a new part 1315 of title 5, CFR.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               06/17/98                    63 FR 33000
Comments Due                    08/17/98
Final Revision                  09/29/99                    64 FR 52579

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Procurement: This is a procurement-related action for which there is no 
statutory requirement. There is no paperwork burden associated with 
this action.

Agency Contact: Jerry Williams, Office of Management and Budget, Room 
6025, NEOB, 725 17th Street NW, Washington, DC 20503
Phone: 202 395-3993
Email: [email protected]

RIN: 0348-AB47
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3679. GOALS FOR PROCUREMENT CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 103-355, sec 7106; PL 105-135, sec 603; 41 USC 405

CFR Citation: None

Legal Deadline: None

Abstract: OFPP issued guidance on implementing government-wide goals 
for procurement contracts awarded to small businesses, HUBZone small 
businesses, small disadvantaged businesses, and women-owned small 
businesses. This Policy Letter supersedes and cancels OFPP Policy 
Letter 91-1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Policy Letter          04/02/99                    64 FR 16003
Final Policy Letter             10/08/99                    64 FR 54918

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: None

Procurement: This is a procurement-related action for which there is a 
statutory requirement. There is no paperwork burden associated with 
this action.

Agency Contact: Michael Gerich, Deputy Associate Administrator, Office 
of Management and Budget, Office of Federal Procurement Policy, 
Washington, DC 20503
Phone: 202 395-6811
Fax: 202 395-5105

RIN: 0348-AB51
[FR Doc. 00-6925 Filed 04-21-00; 8:45 am]
BILLING CODE 3110-01-F
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