The threat of the U.S. government defaulting on its debt is full of uncertainties for federal contractors. These risks include subcontracting disputes and even going out of business if the government deprioritizes payments to government contractors.

In this episode of Bona Fide Needs, Pub K’s Bill Olver sits down with two attorneys from Arnold & Porter’s Government Contract and National Security Group – Keith Feigenbaum and Bryan Williamson – who address the statutory framework of the debt ceiling, the implications of a breach, the likely effect on federal contractors, and many practical recommendations for how contractors can prepare for a breach and respond to any adverse actions.

0:30 – Headlines
8:00 – Introduction Keith Feigenbaum and Bryan R. Williamson
9:15 – What is the Debt Ceiling?
12:15 – What are the implications of a breach?
16:50 – How will a breach impact federal contractors?
21:00 – What can contractors do to prepare or seek remedy?
31:00 – Acknowledgements

Show Notes:

Safer Federal Workforce Task Force

9th Circ. Says Biden Has Contractor Vax Mandate Authority

Class Deviation: Contracting Updates with the Termination of the COVID-19 Emergency

Small Businesses Up and Down the Aerospace and Defense Supply Chain Implore Congress to Restore Vital R&D Tax Deduction

Mega Construction Project Program

First-Half FY2023 FCA Recoveries Point To Continuation of FY2022 Trends

GSA’s Fiscal Year 2020 Transactional Data Reporting Pilot Evaluation Provides an Inaccurate Assessment of the Program

“No TikTok on Government Devices” Implementation Guidance

OMB, CISA Ready with Standard Form for Software Security Attestation

NIST Releases Draft Update of SP 800-171 on Protecting CUI

Artificial Intelligence Risk Management Framework (AI RMF 1.0)

SBA Final Rule – Ownership and Control and Contractual Assistance Requirements for the 8(a) Business Development Program

SBA Final Rule – HUBZone Appeal Process

What Would Happen to Contractors in Case of a Debt Default?