The Office of Federal Procurement Policy, Cost Accounting Standards Board, has issued a final rule amending CAS 9903.201-1, CAS applicability, to eliminate a CAS exemption for contracts executed and performed entirely outside the United States, its territories, and possessions. Section 823(a) of the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009 (PL 110-417) required the Board to review the inapplicability of CAS, in accordance with existing exemptions, to any contract that is executed and performed outside the U.S., and to determine whether the application of the standards to overseas contracts would benefit the government. After considering comments from the public and government agencies, the Board proposed elimination of the overseas exemption at CASB 9903.201-1(b)(14) (see ¶70,058.10 for the proposed rule).
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