[Federal Register: July 8, 2010 (Volume 75, Number 130)]
[Rules and Regulations]
[Page 39420-39421]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08jy10-23]
-----------------------------------------------------------------------
DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
48 CFR Chapter 1
[Docket FAR 2010-0077, Sequence 6]
Federal Acquisition Regulation; Federal Acquisition Circular
2005-44; Small Entity Compliance Guide
AGENCY: Department of Defense (DoD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Small Entity Compliance Guide.
-----------------------------------------------------------------------
SUMMARY: This document is issued under the joint authority of the
Secretary of Defense, the Administrator of General Services and the
Administrator of the National Aeronautics and Space Administration.
This Small Entity Compliance Guide has been prepared in accordance with
section 212 of the Small Business Regulatory Enforcement Fairness Act
of 1996. It consists of the summary of the rule appearing in Federal
Acquisition Circular (FAC) 2005-44 which amends the Federal Acquisition
Regulation (FAR). Interested parties may obtain further information
regarding this rule by referring to FAC 2005-44 which precedes this
document. These documents are also available via the Internet at http:/
/www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: The analyst whose name appears in the
table below. Please cite FAC 2005-44 and the specific FAR case number.
For information pertaining to status or publication schedules, contact
the
[[Page 39421]]
Regulatory Secretariat at (202) 501-4755.
Rule Listed in FAC 2005-44
------------------------------------------------------------------------
Subject FAR case Analyst
------------------------------------------------------------------------
Reporting Executive Compensation and 2008-039 Woodson
First-Tier Subcontract Awards........
------------------------------------------------------------------------
SUPPLEMENTARY INFORMATION: A summary for the FAR rule follows. For the
actual revisions and/or amendments to this FAR case, refer to FAR case
2008-039.
FAC 2005-44 amends the FAR as specified below:
Reporting Executive Compensation and First-Tier Subcontract Awards (FAR
Case 2008-039)
This interim rule amends the Federal Acquisition Regulation to
implement section 2 of Federal Funding Accountability and Transparency
Act of 2006 (Pub. L. 109-282), as amended by section 6202 of the
Government Funding Transparency Act of 2008 (Pub. L. 110-252), 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 will require contractors to report
executive compensation and first-tier subcontract awards on contracts
and orders expected to be $25,000 or more (including all options),
except classified contracts and contracts with individuals. This
information will be available to the public. To minimize the burden
implementing the Transparency Act will impose on both Federal agencies
and contractors, the Councils intend to implement the reporting
requirements in a phased approach:
1. Until September 30, 2010, any newly awarded subcontract must be
reported if the prime contract award amount was $20,000,000 or more.
2. From October 1, 2010, until February 28, 2011, any newly awarded
subcontract must be reported if the prime contract award amount was
$550,000 or more.
3. Starting March 1, 2011, any newly awarded subcontract must be
reported if the prime contract award amount was $25,000 or more.
The rule is applicable to all solicitations and contracts with a
value of $25,000 or more. The clause is required in commercial item
contracts, including commercially available off-the-shelf (COTS) item
contracts, as well as actions under the simplified acquisition
threshold, meeting the $25,000 threshold. The clause is not required in
classified solicitations and contracts, and contracts with individuals.
Dated: July 2, 2010.
Edward Loeb,
Director, Acquisition Policy Division.
[FR Doc. 2010-16684 Filed 7-7-10; 8:45 am]
BILLING CODE 6820-EP-P