⚖️SEC Sunshine Act Meeting
The SEC scheduled a closed meeting to discuss significant matters including injunctive actions, administrative proceedings, and litigation claims. Attendance will be restricted to select officials and staff, with implications for businesses involved in such matters. Updates will be published on their website if schedule changes occur, emphasizing the importance of regulatory awareness for corporations.
Learn More⚖️New FAR Changes Address Organizational Conflicts for Contractors
DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to implement the Preventing Organizational Conflicts of Interest in Federal Acquisition Act. The statute requires the FAR to provide and update definitions, guidance, and examples related to organizational conflicts of interest, including the creation of solicitation provisions and contract clauses to avoid or mitigate organizational conflicts of interest. The statute also requires the FAR to permit contracting officers to consider professional standards and procedures to prevent organizational conflicts of interest to which an offeror or contractor is subject.
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