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The proposed guidance also provides consistency among definitions and terms and proposes several provisions to increase transparency regarding Federal spending

The proposed guidance also provides consistency among definitions and terms and proposes several provisions to increase transparency regarding Federal spending

The proposed guidance also clarifies requirements regarding pass-through entities’ responsibility for sub-award audit findings and clarifies the timing of a disclosure statement which is only required for universities that meet certain thresholds

These proposed changes are intended to reduce burden and will not have a significant economic impact on a substantial number of small entities because they clarify existing requirements; they do not include any new requirements for non-Federal entities.

OMB proposes to add a provision to 2 CFR part 200 Subpart D-Post Federal Award Requirements, 2 CFR (Domestic preferences for procurement), encouraging Federal award recipients, to the extent permitted by law, to maximize use of goods, products, and materials produced in the United States when procuring goods and services under Federal awards. Continue reading The proposed guidance also provides consistency among definitions and terms and proposes several provisions to increase transparency regarding Federal spending

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