A final rule was issued amending the Federal Acquisition Regulation (FAR) to provide policies and requirements regarding contractor codes of business ethics and conduct. 72 Federal Register (Fed. Reg.) 65873 (Nov. 23, 2007). The rule provides that contractors (and subcontractors) receiving awards in excess of $5 million must within 30 days of award (unless the Contracting Officer establishes a longer time period) have a written code of business ethics and conduct. The rule also provides that such contractors (and subcontractors), other than small business concerns, must within 90 days of award (unless the Contracting Officer establishes a longer time period) establish an ongoing business ethics and business conduct awareness program as well as an internal control system that facilitates the timely discovery of improper conduct in connection with Government contracts and ensures that corrective measures are promptly instituted and carried out. The proposed rule does not apply to commercial item contracts awarded pursuant to FAR Part 12, contracts performed entirely outside the United States, or contracts with performance periods less than 120 days. The rule also contains requirements regarding the workplace display of Office of Inspector General Fraud Hotline Posters. The new requirements went into effect on December 24, 2007.