Search Results for agency_names:"Federal Procurement Policy Office"

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Search Results: agency_names:"Federal Procurement Policy Office"

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  • 2025-00118 — Office of Federal Procurement Policy; Federal Acquisition Regulation: Pay Equity and Transparency in Federal Contracting
    Type:Proposed Rule
    Citation:90 FR 1404
    Reading Time:about 2 minutes

    The Department of Defense, General Services Administration, National Aeronautics and Space Administration, and Office of Federal Procurement Policy have withdrawn a proposed rule and policy regarding pay equity and transparency in federal contracting. The rule, which was initially published in January 2024, aimed to prevent contractors from considering a job applicant's compensation history and required them to disclose the salary for job positions linked to government contracts. The decision to withdraw is attributed to the limited time left in the current administration and the intent to focus on other priorities. The proposal was initially suggested to enhance efficiency and effectiveness in federal procurement.

    Simple Explanation

    The government decided not to use a new rule that would have made sure people get paid fairly and honestly when working with them. They stopped it because they want to focus on different things and don't have a lot of time left to make new rules.

  • 2025-00012 — Conformance of the Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 404 Capitalization of Tangible Assets and CAS 411 Accounting for Acquisition Costs of Material
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    Type:Proposed Rule
    Citation:90 FR 5803
    Reading Time:about 20 minutes

    The Cost Accounting Standards Board (CAS Board) is seeking public feedback on proposed changes that would align two Cost Accounting Standards (CAS) with Generally Accepted Accounting Principles (GAAP). The standards in question, CAS 404 and CAS 411, deal with the capitalization of tangible assets and acquisition costs of material, respectively. The Board suggests removing much of the existing CAS 404 and CAS 411 because their requirements largely overlap with GAAP. One exception within CAS 404 will be moved to another section to ensure the government's interests are still protected. Public comments on these proposed changes are invited until March 18, 2025.

    Simple Explanation

    The people in charge of government money rules want to change some old rules so they're more like the standard rules everyone else uses for money. They're asking people to tell them what they think about this change by March 18, 2025.