8 Jan 2025
📉Withdrawal of Proposed Rule on Pay Equity in Federal Contracting
Office of Federal Procurement Policy; Federal Acquisition Regulation: Pay Equity and Transparency in Federal Contracting
Summary
DoD, GSA, and NASA are withdrawing the proposed rule to amend the Federal Acquisition Regulation (FAR) titled: Pay Equity and Transparency in Federal Contracting. The Administrator for Federal Procurement Policy (OFPP Administrator) is simultaneously withdrawing a proposed Government-wide policy, upon which the proposed rule was based.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
- Federal Procurement Policy Office
Business Impact
$$ - Med
The regulatory withdrawal impacts compliance and reporting requirements for federal contractors regarding pay equity and transparency, therefore affecting hiring and compensation strategies in the federal contracting space. This has direct financial implications as businesses navigate these changes.