FR: Federal Procurement Policy Office

Proposed Rule: Cost Accounting Standards Monetary Thresholds

The Federal Procurement Policy Office (OFPP) has proposed a rule to increase monetary thresholds and update other matters related to the Cost Accounting Standards (CAS) program. This proposal aims to adjust the financial thresholds that trigger CAS requirements for government contracts.

Proposed Changes to Cost Accounting Standards CAS 407

The Federal Procurement Policy Office (OFPP) is proposing changes to Cost Accounting Standard (CAS) 407, concerning the use of standard costs for direct material and direct labor. This proposal aims to align CAS 407 with Generally Accepted Accounting Principles (GAAP).

Cost Accounting Standards Board Meeting Agenda Published

The Federal Procurement Policy Office (OFPP) has published the meeting agenda for the Cost Accounting Standards Board (CASB) for the first and second quarters of Fiscal Year 2026. The notice provides details on the topics to be discussed during upcoming board meetings.

OMB Review Submission: Buy American, Trade Agreements, Duty-Free Entry

The Office of Management and Budget (OMB) is seeking public comment on a submission regarding Buy American, Trade Agreements, and Duty-Free Entry policies. This notice is published by multiple federal agencies including the Department of Defense, GSA, and NASA.

OMB Review Submission for Comptroller General Audit Records

The Federal Procurement Policy Office, Defense Department, GSA, and NASA have submitted a notice for OMB review regarding examination of records by the Comptroller General and contract audit. This notice is open for public comment until March 30, 2026.

Federal Acquisition Regulation; Federal Acquisition Circular 2026-01

The Federal Procurement Policy Office, Department of Defense, General Services Administration, and NASA have published Federal Acquisition Circular 2026-01. This rule introduces updates to the Federal Acquisition Regulation, with specific details to be found within the full text of the circular.

Federal Acquisition Regulation; Small Entity Compliance Guide

The Federal Procurement Policy Office, Department of Defense, General Services Administration, and NASA have published Federal Acquisition Regulation (FAR) Federal Acquisition Circular 2026-01. This update introduces a compliance guide specifically designed for small entities.