[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 XXXV





Office of Management and Budget





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Semiannual Regulatory Agenda

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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.

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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 Lauren E. Wright, (202) 395-
4855, at the above address.

Dated: March 28, 2006

 Lauren E. Wright,

Deputy Assistant Director for Administration.

                                Office of Management and Budget--Final Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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3397        Accounting for the Cost of Employee Stock Ownership Plans.............................    0348-AB57
3398        Relocation of OMB Circulars to Title 2 Code of Federal Regulations....................    0348-AB58
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Office of Management and Budget (OMB)                  Final Rule Stage






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3397. ACCOUNTING FOR THE COST OF EMPLOYEE STOCK OWNERSHIP PLANS

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 amend its 
standards to provide criteria for measuring and assigning the costs of 
employee stock ownership plans sponsored by Government contractors.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/22/05                    70 FR 42293
NPRM Comment Period End         09/20/05
Final Rule                      09/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David L. Muzio, Procurement Analyst, Office of 
Management and Budget, Office of Federal Procurement Policy, 725 17th 
Street NW., Washington, DC 20503
Phone: 202 395-4550
Fax: 202 395-5105

RIN: 0348-AB57
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3398. RELOCATION OF OMB CIRCULARS TO TITLE 2 CODE OF FEDERAL REGULATIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: PL 106-107, Federal Financial Assistance Management 
Improvement Act of 1999; 31 USC 503; 31 USC 1111; 41 USC 405

CFR Citation: 2 CFR 1; 2 CFR 180; 2 CFR 215; 2 CFR 220; 2 CFR 225; 2 
CFR 230

Legal Deadline: None

Abstract: Title 2 of the CFR contains OMB guidance to Federal agencies 
on Governmentwide policies and procedures for the award and 
administration of grants and agreements, as well as Federal agency 
regulations that implement OMB's guidance. OMB circulars are relocating 
to chapter II; streamlined guidance is contained in chapter I.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              03/00/07
Interim Final Rule Comment 
Period End                      05/00/07

Regulatory Flexibility Analysis Required: No

[[Page 23445]]

Small Entities Affected: Organizations

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Elizabeth C. Phillips, Office of Management and Budget, 
Washington, DC 20503
Phone: 202 395-3993
Fax: 202 395-3952
Email: [email protected]

RIN: 0348-AB58
[FR Doc. 06-3474 Filed 04-21-06; 8:45 am]
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