Submitted by TFryer on Tue, 01/23/2018 - 22:54
The new law gives agencies three years to implement a set of new reporting requirements to track federal spending, but it will be unbelievably complex – requiring changes in federal regulations, and in the written terms of every federal grant, contract, and loan agreement of $25,000 or more. These changes will likely cascade to agreements between states and localities with their sub-grantees and sub-contractors, as well. Congressional sponsors of the legislation told the Administration “we’re going to hold your fee