Proskauer Rose – If approved, a new FAR will require contractors to: (1) publicly report certain information on their first-tier subcontractors; and (2) report compensation information for their top executives. The proposal is a “reinstatement” of requirements that were previously proposed and received OMB approval but expired in December 2010, without being implemented.
Regulations, Compliance, & Enforcement
Trending Now
FAR 52.222-90 Explained: New Clause May Result in 6,825 Audits Per Year • DOJ Stands Up a New Fraud-Fighting Division: What Government Contractors Need to Know About the National Fraud Enforcement Division • FAR Updates Trade Agreement Act Thresholds • GE’s $36 Million ITAR Penalty — A Wake-Up Call for Export Control Compliance • Treasury Canceled Booz Contracts Over Vetting of IRS Leaker, Bessent Says
FAR Council Proposes Rule Requiring Contractors to Identify Subcontractors and Report Subcontractors’ Executive Compensation Information
Track False Claims Act cases, audit trends, and compliance best practices with our Compliance & Enforcement newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.