This collection is approved for six months. Should the agency decided to continue use of the collection past the approved emergency request time period, it must resubmit to OMB under the normal PRA clearance process for three years.
Inventory as of this Action
Requested
Previously Approved
12/31/2010
6 Months From Approved
664,964
0
0
332,483
0
0
0
0
0
This action implements the Federal Funding Accountability and Transparency Act ("Transparency Act"), Pub. L. 109-282, as amended by section 6202 of Public Law 110-252, enacted to reduce "wasteful and unnecessary spending" by requiring that Office of Management and Budget (OMB) establish a free, public, online database containing full disclosure of all Federal contract award information. This FAR rule revises subpart 4.14 and 52.204-10 to implement the Transparency Act reporting requirements. Contracting officers must include the revised clause in solicitations and contracts of $25,000 or more. The clause is required on Commercial item contracts and 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.
This action is necessary because the Federal Funding Accountability and Transparency Act (Transparency Act) (Pub. L. 109-282), as amended by section 6202 of Public Law 110-252, required the reporting of subcontract award data by January 1, 2009. This rule is a follow-up to the Pilot Program rule in FAR Case 2006-029, published March 21, 2007, (72 FR 13234) as a proposed rule, and September 6, 2007, (72 FR 51306) as a final rule; the preamble discussions notified the public to expect the final program thresholds to be at the greatly lowered thresholds in the statute, for example, requiring the reporting of subcontracts of $25,000 or more. Failure to implement the statute as required will undermine the Transparency ActÂs intent to empower the American taxpayer with information that may be used to demand greater fiscal discipline from both executive and legislative branches of Government."
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Reporting Executive Compensation and First-tier Subcontract Awards (Section affected 52.204-10(c)(2) & (3))