Today in the Federal Register, the Office of Management and Budget (OMB) published an interim final rule implementing new procurement standards for all federal agencies. The notice provides the following summary:
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.
The parts of the rule that apply specifically to Office of Public and Indian Housing (PIH) programs are located on page 212. If you wish to submit comments on the interim final rule, you will find information following the “Addresses” heading in today’s notice. Comments are due by February 17. The rule will become effective on December 26, 2014.
Other big news this week was the passage of the Consolidated and Further Continuing Appropriations Act for 2015, which President Obama signed on Tuesday. You can read more about the funding bill here and here.
Housing Finance: Top stories of 2014
To all our blog readers, a very happy holiday! This is the final news roundup of 2014, and we'll be back in 2015 to bring you up to speed on what's ahead in the new year.