šWithdrawal of Proposed FAR Rule Affecting Small Business Innovation
Federal Acquisition Regulation: Small Business Innovation Research and Technology Transfer Programs
Summary
OFPP, DoD, GSA, and NASA (collectively referred to as the Federal Acquisition Regulatory Council, or FAR Council) are withdrawing the proposed rule to amend the Federal Acquisition Regulation (FAR) titled: Small Business Innovation Research and Technology Transfer. The FAR Council will re-evaluate implementation following the finalization of the Revolutionary FAR Overhaul initiative. Accordingly, this proposed rule is withdrawn, and the FAR case is closed.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
- Federal Procurement Policy Office
- Management and Budget Office
Business Impact
$$ - Med
The withdrawal of the proposed rule to amend the Federal Acquisition Regulation affects compliance expectations for businesses engaged in federal procurement, particularly those involved in Small Business Innovation Research and Technology Transfer Programs. The FAR Council's reevaluation could influence future contract opportunities and regulations.