[April 24, 2006 (Volume 71, Number 78)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID: f:ua060435.wais] [Page 23444-23445] Office of Management and Budget ----------------------------------------------------------------------- Part XXXV ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 23444]] OFFICE OF MANAGEMENT AND BUDGET (OMB) _______________________________________________________________________ OFFICE OF MANAGEMENT AND BUDGET 5 CFR Ch. III and 48 CFR Ch. 01 Federal Regulations; OMB Circulars, OFPP Policy Letters, and CASB Cost Accounting Standards Included in the Semiannual Agenda of Federal Activities AGENCY: Office of Management and Budget. ACTION: Semiannual regulatory agenda. _______________________________________________________________________ SUMMARY: The Office of Management and Budget (OMB) is publishing its semiannual agenda of upcoming activities for OMB Circulars, Office of Federal Procurement Policy (OFPP) Policy Letters, and Cost Accounting Standards Board (CASB) Cost Accounting Standards. OMB Circulars and OFPP Policy Letters are published in accordance with OMB's internal procedures for implementing Executive Order 12866 (October 4, 1993, 58 FR 51735). OMB Policy guidelines are issued under authority derived from several sources including: subtitles I, II, and V of title 31, United States Code; Executive Order 11541; and other specific authority as cited. OMB Circulars and OFPP Policy Letters communicate guidance and instructions of a continuing nature to executive branch agencies. As such, most OMB Circulars and OFPP Policy Letters are not regulations. Nonetheless, because these issuances are typically of public interest, they are generally published in the Federal Register in both proposed (for public comment) and final stages. For this reason, they are presented below in the standard format of ``prerule,'' ``proposed rule,'' and ``final rule'' stages. CASB Cost Accounting Standards are issued under authority derived from 41 U.S.C. 422. Cost Accounting Standards are rules governing the measurement, assignment, and allocation of costs to contracts with the United States Government. For purposes of this agenda, we have excluded directives that outline procedures to be followed in connection with the President's budget and legislative programs and directives that affect only the internal functions, management, or personnel of Federal agencies. FOR FURTHER INFORMATION CONTACT: See agency person listed for each entry in the agenda, c/o Office of Management and Budget, Washington, DC 20503. On the overall agenda, contact Lauren E. Wright, (202) 395- 4855, at the above address. Dated: March 28, 2006 Lauren E. Wright, Deputy Assistant Director for Administration. Office of Management and Budget--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3397 Accounting for the Cost of Employee Stock Ownership Plans............................. 0348-AB57 3398 Relocation of OMB Circulars to Title 2 Code of Federal Regulations.................... 0348-AB58 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ Office of Management and Budget (OMB) Final Rule Stage _______________________________________________________________________ 3397. ACCOUNTING FOR THE COST OF EMPLOYEE STOCK OWNERSHIP PLANS Priority: Substantive, Nonsignificant Legal Authority: 41 USC 422 CFR Citation: 48 CFR 99 Legal Deadline: None Abstract: The Cost Accounting Standards Board is proposing to amend its standards to provide criteria for measuring and assigning the costs of employee stock ownership plans sponsored by Government contractors. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/22/05 70 FR 42293 NPRM Comment Period End 09/20/05 Final Rule 09/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: David L. Muzio, Procurement Analyst, Office of Management and Budget, Office of Federal Procurement Policy, 725 17th Street NW., Washington, DC 20503 Phone: 202 395-4550 Fax: 202 395-5105 RIN: 0348-AB57 _______________________________________________________________________ 3398. RELOCATION OF OMB CIRCULARS TO TITLE 2 CODE OF FEDERAL REGULATIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: PL 106-107, Federal Financial Assistance Management Improvement Act of 1999; 31 USC 503; 31 USC 1111; 41 USC 405 CFR Citation: 2 CFR 1; 2 CFR 180; 2 CFR 215; 2 CFR 220; 2 CFR 225; 2 CFR 230 Legal Deadline: None Abstract: Title 2 of the CFR contains OMB guidance to Federal agencies on Governmentwide policies and procedures for the award and administration of grants and agreements, as well as Federal agency regulations that implement OMB's guidance. OMB circulars are relocating to chapter II; streamlined guidance is contained in chapter I. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/00/07 Interim Final Rule Comment Period End 05/00/07 Regulatory Flexibility Analysis Required: No [[Page 23445]] Small Entities Affected: Organizations Government Levels Affected: Federal, Local, State, Tribal Agency Contact: Elizabeth C. Phillips, Office of Management and Budget, Washington, DC 20503 Phone: 202 395-3993 Fax: 202 395-3952 Email: ephillip@omb.eop.gov RIN: 0348-AB58 [FR Doc. 06-3474 Filed 04-21-06; 8:45 am] BILLING CODE 3110-01-S