Requirements For Federal Funding Accountability And Transparency Act Implementation Us Office Of Management And Budget Regulation Omb 2018 Edition
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| Author | : The Law The Law Library |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 28 |
| Release | : 2018-11-27 |
| Genre | : |
| ISBN | : 9781729870075 |
Requirements for Federal Funding Accountability and Transparency Act Implementation (US Office of Management and Budget Regulation) (OMB) (2018 Edition) The Law Library presents the complete text of the Requirements for Federal Funding Accountability and Transparency Act Implementation (US Office of Management and Budget Regulation) (OMB) (2018 Edition). Updated as of May 29, 2018 OMB is issuing interim final guidance to agencies to establish requirements for Federal financial assistance applicants, recipients, and subrecipients that are necessary for the implementation of the Federal Funding Accountability and Transparency Act of 2006, hereafter referred to as "the Transparency Act" or "the Act." This interim final guidance provides standard wording for an award term that each agency must include in grant and cooperative agreement awards it makes on or after October 1, 2010, to require recipients to report information about first-tier subawards and executive compensation under only those awards. This implementation of the requirement for reporting of subawards and executive compensation under Federal assistance awards parallels the implementation for subcontracts and executive compensation under Federal procurement contracts, which is in the Federal Acquisition Regulation. This book contains: - The complete text of the Requirements for Federal Funding Accountability and Transparency Act Implementation (US Office of Management and Budget Regulation) (OMB) (2018 Edition) - A table of contents with the page number of each section
| Author | : |
| Publisher | : |
| Total Pages | : 17 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
On September 26, 2006, President Bush signed S. 2590, the Federal Funding Accountability and Transparency Act, into law (P.L. 109-282). In an attempt to expand oversight of federal spending, including earmarks, the new law requires the Office of Management and Budget (OMB) to establish a publicly available online database containing information about entities that are awarded federal grants, loans, and contracts. Federal agencies award over one trillion dollars annually in those three categories of financial assistance -- $460 billion in grants, $360 billion in contracts, and $260 billion in direct and guaranteed loans -- accounting for nearly one-third of the federal government's total expenditures and obligations. According to the sponsors of the legislation, the new database will deter "wasteful and unnecessary" spending, since government officials will be less likely to earmark funds for special projects if they know the public could identify how much money was awarded to which organizations, and for what purposes. S. 2590 was a companion bill to H.R. 5060, which also called for the creation of a federal awards database. The bills differed in several respects, however, most notably in that S. 2590 required information on federal contracts to be made available to the public, but H.R. 5060 did not. Because contracts represent over $340 billion in federal awards, the scope of the Senate version was significantly broader. While the intent of the legislation is widely lauded, concern has been expressed by government officials and members of the public that issues surrounding implementation of the proposed database have not been adequately addressed. This report summarizes the legislative history and key provisions of P.L. 109-282 (S. 2590), compares it to H.R. 5060, and discusses challenges that are associated with implementing the new law's proposed database that may prove to be areas for future congressional oversight.
| Author | : U.s. Government Accountability Office |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 56 |
| Release | : 2017-08-10 |
| Genre | : |
| ISBN | : 9781974438310 |
The Federal Funding Accountability and Transparency Act of 2006 (FFATA) is intended to increase the transparency of and accountability for the over $1 trillion that federal agencies award each year in contracts, loans, grants, and other awards. Among other things, the act required the Office of Management and Budget (OMB) to establish, no later than January 1, 2008, a publicly accessible Web site containing data on federal awards. The act also authorized OMB to issue guidance to federal agencies on reporting award data and instructs agencies to comply with that guidance. OMB launched the site (www.USAspending.gov) in December 2007. GAOs objectives were to determine the extent to which (1) OMB is complying with FFATA requirements to make federal award data available, (2) federal agencies are reporting required award data, and(3) inconsistencies exist between data on the Web site and records at federal agencies. To do this, GAO reviewed FFATA requirements and OMB guidance, interviewed OMB and agency officials, and examined a sample of awards reported to OMB
| Author | : Law Library |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 44 |
| Release | : 2018-08-20 |
| Genre | : |
| ISBN | : 9781725966253 |
Federal Acquisition Regulations - Reporting Executive Compensation and First-Tier Subcontract Awards - FAR Case 2008-039 (US Federal Acquisition Regulation) (FAR) (2018 Edition) The Law Library presents the complete text of the Federal Acquisition Regulations - Reporting Executive Compensation and First-Tier Subcontract Awards - FAR Case 2008-039 (US Federal Acquisition Regulation) (FAR) (2018 Edition). Updated as of May 29, 2018 DoD, GSA, and NASA are adopting as final, with changes, the interim rule amending the Federal Acquisition Regulation (FAR) to implement a section of the Federal Funding Accountability and Transparency Act of 2006 as amended by a section of the Government Funding Transparency Act of 2008, which requires the Office of Management and Budget (OMB) to establish a free, public Web site containing full disclosure of all Federal contract award information. This rule requires contractors to report executive compensation, and first-tier subcontractor awards on contracts of $25,000 or more. This book contains: - The complete text of the Federal Acquisition Regulations - Reporting Executive Compensation and First-Tier Subcontract Awards - FAR Case 2008-039 (US Federal Acquisition Regulation) (FAR) (2018 Edition) - A table of contents with the page number of each section
| Author | : The Law The Law Library |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 30 |
| Release | : 2018-11-27 |
| Genre | : |
| ISBN | : 9781729869802 |
Reporting and Use of Information Concerning Recipient Integrity and Performance (US Office of Management and Budget Regulation) (OMB) (2018 Edition) The Law Library presents the complete text of the Reporting and Use of Information Concerning Recipient Integrity and Performance (US Office of Management and Budget Regulation) (OMB) (2018 Edition). Updated as of May 29, 2018 The Office of Management and Budget (OMB) is issuing final guidance to Federal agencies to implement Section 872 of the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009 (hereafter referred to as "section 872"), as that statute applies to grants. As section 872 required, OMB and the General Services Administration (GSA) have established an integrity and performance system that includes governmentwide data with specified information related to the integrity and performance of entities awarded Federal grants and contracts. This system, currently designated as the Federal Awardee Performance and Integrity Information System (FAPIIS), integrates various sources of information on the eligibility of organizations for Government awards and is currently available at https: //www.fapiis.gov. This book contains: - The complete text of the Reporting and Use of Information Concerning Recipient Integrity and Performance (US Office of Management and Budget Regulation) (OMB) (2018 Edition) - A table of contents with the page number of each section
| Author | : The Law The Law Library |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 34 |
| Release | : 2018-11-27 |
| Genre | : |
| ISBN | : 9781729870105 |
Requirements for Implementing Sections 1512, 1605, and 1606 of the American Recovery and Reinvestment Act of 2009 for Financial Assistance Awards (US Office of Management and Budget Regulation) (OMB) (2018 Edition) The Law Library presents the complete text of the Requirements for Implementing Sections 1512, 1605, and 1606 of the American Recovery and Reinvestment Act of 2009 for Financial Assistance Awards (US Office of Management and Budget Regulation) (OMB) (2018 Edition). Updated as of May 29, 2018 The Office of Federal Financial Management (OFFM) is establishing Governmentwide guidance and standard award terms for agencies to include in financial assistance awards (namely, grants, cooperative agreements, and loans) as part of their implementation of sections 1512, and 1605, and 1606 of the American Recovery and Reinvestment Act of 2009 (Pub. L. 111-5). This guidance does not cover all award terms that may be needed on financial assistance awards funded directly or assisted by the Federal Government under the Recovery Act. The focus of this guidance is on implementing Recovery Act provisions that may require greater clarification in order to foster consistent application across the Federal Government. Under the interim final guidance, agencies would use the standard award terms in their financial assistance awards to require recipients and subrecipients (first-tier that are not individuals) to maintain current registrations in the Central Contractor Registration (CCR) database; to require recipients to report quarterly on project or activity status, subgrant and subcontract information; to notify recipients of the domestic sourcing ("Buy American") requirements that apply to certain iron, steel and manufactured goods; to notify recipients of the wage rate requirements that apply to certain projects; and to ensure proper accounting and reporting of Recovery Act expenditures in single audits. This book contains: - The complete text of the Requirements for Implementing Sections 1512, 1605, and 1606 of the American Recovery and Reinvestment Act of 2009 for Financial Assistance Awards (US Office of Management and Budget Regulation) (OMB) (2018 Edition) - A table of contents with the page number of each section
| Author | : United States. Government Accountability Office |
| Publisher | : |
| Total Pages | : 51 |
| Release | : 2010 |
| Genre | : Disclosure of information |
| ISBN | : |
The Federal Funding Accountability and Transparency Act of 2006 (FFATA) is intended to increase the transparency of and accountability for the over $1 trillion that federal agencies award each year in contracts, loans, grants, and other awards. Among other things, the act required the Office of Management and Budget (OMB) to establish, no later than January 1, 2008, a publicly accessible Web site containing data on federal awards. The act also authorized OMB to issue guidance to federal agencies on reporting award data and instructs agencies to comply with that guidance. OMB launched the site (www.USAspending.gov) in December 2007. GAO's objectives were to determine the extent to which (1) OMB is complying with FFATA requirements to make federal award data available, (2) federal agencies are reporting required award data, and (3) inconsistencies exist between data on the Web site and records at federal agencies. To do this, GAO reviewed FFATA requirements and OMB guidance, interviewed OMB and agency officials, and examined a sample of awards reported to OMB. GAO is recommending that OMB, among other things, include all required data on the site, ensure complete reporting, and clarify guidance for verifying agency-reported data.
| Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2006 |
| Genre | : Disclosure of information |
| ISBN | : |
| Author | : The Law Library |
| Publisher | : Independently Published |
| Total Pages | : 756 |
| Release | : 2019-01-19 |
| Genre | : Law |
| ISBN | : 9781794412538 |
The Law Library presents the complete text of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards - Federal Awarding Agency Regulatory Implementation (US Department of the Treasury Regulation) (TREAS) (2018 Edition). Updated as of May 29, 2018 This joint interim final rule implements for all Federal award-making agencies the final guidance Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) published by the Office of Management and Budget (OMB) on December 26, 2013. This rule is necessary in order to incorporate into regulation and thus bring into effect the Uniform Guidance as required by OMB. Implementation of this guidance will reduce administrative burden and risk of waste, fraud, and abuse for the approximately $600 billion per year awarded in Federal financial assistance. The result will be more Federal dollars reprogrammed to support the mission, new entities able to compete and win awards, and ultimately a stronger framework to provide key services to American citizens and support the basic research that underpins the United States economy. This ebook contains: - The complete text of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards - Federal Awarding Agency Regulatory Implementation (US Department of the Treasury Regulation) (TREAS) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure
| Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, and International Security |
| Publisher | : |
| Total Pages | : 72 |
| Release | : 2007 |
| Genre | : Disclosure of information |
| ISBN | : |
