The U.S. Agency for Global Media (USAGM) has implemented the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards based on guidance from the Office of Management and Budget (OMB). This final rule aims to integrate these standards into USAGM's regulations, aligning with OMB policy updates and enhancing transparency and efficiency in managing federal financial assistance. The rule is compliant with various legislative and executive requirements, including the Paperwork Reduction Act and Executive Orders on regulation review, and is effective as of December 11, 2024.
Simple Explanation
The U.S. Agency for Global Media has decided to use a set of rules to make sure they spend money from the government carefully and avoid mistakes. These rules will help them follow new and updated advice from another group to keep everything clear and organized.