[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]


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Part XXXVI





Office of Management and Budget





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Semiannual Regulatory Agenda

[[Page 33958]]



OFFICE OF MANAGEMENT AND BUDGET (OMB)






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OFFICE OF MANAGEMENT AND BUDGET

5 CFR Ch. III and 48 CFR Ch. 01

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 and 
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 Cynthia A. Christian, (202) 
395-3060, at the above address.

Dated: March 22, 2002.

 Cynthia A. Christian,

Deputy 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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3339       Revision of OMB Circular A-127 To Implement the Federal Financial Management              0348-AB46
            Improvement Act (FFMIA) and To Reflect Updated Financial Management Policies........
3340       Accounting for the Cost of Post-Retirement Benefit Plans (Health Care)...............     0348-AB54
3341       Policies on Management of Federal Information Resources (OMB Circular A-130).........     0348-AB55
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                                Office of Management and Budget Long-Term Actions
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
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3342       Federal Participation in the Development and Use of Volunteer Consensus Standards and     0348-AB53
            in Conformity Assessment Activities (OMB Circular A-119)............................
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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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3343       Regulations for Air Carrier Guarantee Loan Program...................................     0348-AB56
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[[Page 33959]]

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Office of Management and Budget (OMB)               Proposed Rule Stage






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3339. 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               10/00/02
Final Revision                  12/00/02

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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3340. ACCOUNTING FOR THE COST OF POST-RETIREMENT BENEFIT PLANS (HEALTH 
CARE)

Priority: Substantive, Nonsignificant

Legal Authority: 41 USC 422

CFR Citation: 48 CFR 99

Legal Deadline: None

Abstract: The cost accounting standards board is proposing a new 
standard that provides criteria for measuring the costs of post-
retirement benefit plans, assigning the measured costs to cost 
accounting periods, and allocating the assigned costs to segments of an 
organization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/05/00                    65 FR 59504
ANPRM Comment Period End        12/19/00
NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard C. Loeb, Executive Secretary, Cost Accounting 
Standards Board, Office of Management and Budget, Room 9013, NEOB, 725 
17th Street NW., Washington, DC 20503
Phone: 202 395-4550
Fax: 202 395-5105

RIN: 0348-AB54
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3341. POLICIES ON MANAGEMENT OF FEDERAL INFORMATION RESOURCES (OMB 
CIRCULAR A-130)

Priority: Substantive, Nonsignificant

Legal Authority: PL 104-106

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OMB Circular A-130 establishes policy for the management of 
Federal information resources, and includes procedural and analytic 
guidelines for implementing aspects of these policies as appendices. 
OMB is reviewing the Circular for consistency with the Government 
Information Security Reform Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               09/00/02
Final Revision                  03/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kamela White, Policy Analyst, Office of Management and 
Budget, Room 10236, NEOB, 725 17th Street NW., Washington, DC 20503
Phone: 202 395-3785
Fax: 202 395-5167
Email: [email protected]

RIN: 0348-AB55
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Office of Management and Budget (OMB)                 Long-Term Actions






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3342. FEDERAL PARTICIPATION IN THE DEVELOPMENT AND USE OF VOLUNTEER 
CONSENSUS STANDARDS AND IN CONFORMITY ASSESSMENT ACTIVITIES (OMB 
CIRCULAR A-119)

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 1111; PL 104-113

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OMB Circular A-119, ``Federal Participation in the 
Development and Use of Voluntary Consensus Standards,'' 
contains reporting requirements regarding agency use of government-
unique standards and voluntary consensus standards along with agency 
participation in voluntary consensus standards bodies. The Circular 
instructs agencies to use voluntary consensus standards in lieu of 
government-unique standards in their procurement and regulatory 
activities, except where inconsistent with law or otherwise 
impractical. Language in A-119 calls on OMB to review the Circular for 
effectiveness three years from the date of issuance (February 1998).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Proposed Revision               12/00/04
Final Revision                  04/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kamela White, Policy Analyst, Office of Management and 
Budget, Room 10236, NEOB, 725 17th Street NW., Washington, DC 20503
Phone: 202 395-3785
Fax: 202 395-5167

[[Page 33960]]

Email: [email protected]

RIN: 0348-AB53
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Office of Management and Budget (OMB)                 Completed Actions






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3343. REGULATIONS FOR AIR CARRIER GUARANTEE LOAN PROGRAM

Priority: Economically Significant. Major under 5 USC 801.

Legal Authority: PL 107-42 sec 182(c)(2)(B)

CFR Citation: 14 CFR 1300

Legal Deadline: Final, Statutory, October 5, 2001, 14 days from 
enactment of PL 107-42 (09/22/2001).

Abstract: The rule establishes the application and minimum requirements 
that will apply to up to $10 billion in loan guarantees (or other 
Federal credit investments) to air carriers to compensate them for the 
losses they incurred as a result of the terrorist attacks on the United 
States that occurred September 11, 2001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      10/12/01                    66 FR 52269

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Clare Doherty, Office of Management and Budget
Phone: 202 395-5704

RIN: 0348-AB56
[FR Doc. 02-8356 Filed 05-10-02; 8:45 am]
BILLING CODE 3110-01-S
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