Preventing Organizational Conflicts of Interest in Federal Acquisition Act

Congress has passed the Preventing Organizational Conflicts of Interest in Federal Acquisition Act (“the Act”), aiming to help identify and mitigate potential conflicts of interest between taxpayer-funder projects and government contractors’ other business opportunities. The Act requires the FAR Council to revise the FAR within 18 months to include definitions and a rule reflecting the requirements of the Act. The revised regulations will provide more clarity and will be targeted toward increasing the level of detail in potential conflict of interest disclosures and agency oversight of organizational conflicts of interest. To read more, click here.