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The Department of Defense (DOD) released the Fiscal Year 2020 Industrial Capabilities Report today

The FY20 Industrial Capabilities Report transcribes the defense department’s priority industrial base risks and vulnerabilities; major developments and impacts of the coronavirus pandemic; and industrial base investments and initiatives executed in the previous fiscal year. The report promotes a strategy for a robust, resilient, secure, and innovative industrial base, which will require a substantial commitment of capital investment and resources, and continuation of the reforms undertaken in the past several years.

The full report can be viewed here and accompanying infographics can be found here and here.

Cummings to serve as acting Pentagon acquisition head

WASHINGTON — Stacy Cummings, the acting deputy assistant secretary of defense for acquisition, will temporarily fill the department’s top acquisition office once Joe Biden becomes president, Defense News has learned. Ellen Lord, the undersecretary for acquisition and sustainment, will step down on Jan. 20, with Cummings filling that role until the Biden administration can put its own Senate-confirmed individual into the role.

https://www.defensenews.com/smr/transition/2021/01/13/cummings-to-serve-as-acting-pentagon-acquisition-head/

The Power of Passengers Challenge

TSA is calling on innovators and citizen inventors to leverage innovative approaches and other innovations that would increase TSA’s security effectiveness and efficiency efforts and improve passenger experience. To accomplish this mission, TSA is looking for the best possible solutions from you – the crowd – to help with The Power of Passengers Challenge.  SUBMISSION END: 01/28/2021 08:00 PM ET https://www.challenge.gov/challenge/power-of-passengers-challenge/#description #tsa

New Corporate Transparency Act Will Impose Beneficial Ownership Reporting Requirements on Many Companies, Particularly Small Businesses

Friday, January 8, 2021 – How does the CTA apply to federal contractors? The CTA requires the Administrator for Federal Procurement Policy to revise the Federal Acquisition Regulations not later than two years after enactment of the CTA to require any contractor or subcontractor that is a reporting company required to report beneficial ownership information under the CTA to provide such information to the federal government as part of any bid or proposal exceeding the applicable simplified acquisition threshold. 
https://www.natlawreview.com/article/new-corporate-transparency-act-will-impose-beneficial-ownership-reporting