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 Acts 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."
PL:
Pub.L. 109 - 282 6202 Name of Law: Federal Funding
Accountability and Transparency Act
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))