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New FAR rule requires reports on executive compensation, use of funds by contractors and subcontractors who receive recovery funds

  • Wiley Rein LLP
  • -
  • USA
  • -
  • April 8 2009

On March 31, 2009, the Civilian Agency Acquisition and Defense Acquisition Regulations Councils ("the FAR Councils") issued an interim rule in FAR Case 2009-009 to implement the reporting obligations set forth in Section 1512 of the American Recovery and Reinvestment Act of 2009 ("Recovery Act"), Pub. L. No. 111-5. See 74 Fed. Reg. 14639 (Mar. 31, 2009