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    <abstract>The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on an interim rule amending the Federal Acquisition Regulation (FAR) to increase the justification and approval thresholds for DoD, NASA, and the U.S. Coast Guard, as a result of Section 815 of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005, Public Law 108-375, which amends 10 U.S.C. 2304(f)(1)(B) by striking $50,000,000 both places it appears and inserting $75,000,000 in its place. In addition, the FAR is amended by replacing the outdated reference to "grade GS- 16" with "a grade above GS-15."</abstract>
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    <identifier type="department code">FAR Case 2004-037</identifier>
    <identifier type="department code">Item II</identifier>
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        <summary>The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on an interim rule amending the Federal Acquisition Regulation (FAR) to increase the justification and approval thresholds for DoD, NASA, and the U.S. Coast Guard, as a result of Section 815 of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005, Public Law 108-375, which amends 10 U.S.C. 2304(f)(1)(B) by striking $50,000,000 both places it appears and inserting $75,000,000 in its place. In addition, the FAR is amended by replacing the outdated reference to "grade GS- 16" with "a grade above GS-15."</summary>
        <dates>Effective Date: March 9, 2005.</dates>
        <contact>The FAR Secretariat at (202) 501- 4755, for information pertaining to status or publication schedules. For clarification of content, contact Mr. Michael Jackson, Procurement Analyst, at (202) 208-4949. Please cite FAC 2005-01, FAR case 2004-037.</contact>
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        <tocSubject1>Federal Acquisition Regulation (FAR):</tocSubject1>
        <tocDoc>Increased justification and approval threshold for DoD, NASA and Coast Guard, </tocDoc>
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