Compliance Stuff

What: The Federal Acquisition Regulatory Council (FAR Council) issued the first four proposed rules to implement Executive Order (EO) 14275, Restoring Common Sense to Federal Procurement, covering 20 parts of the Federal Acquisition Regulation (FAR), including the related clauses and forms in Parts 52 and 53. (The proposed rules can be found here , here , here , and here .) The FAR Council intends to issue a total of 12 proposed rules that collectively will revise the entire FAR. This formal notice-and-comment rulemaking represents Phase Two of the “ Revolutionary FAR Overhaul ” (RFO) process that began in 2025, when the FAR Council issued a series of model class deviations to the FAR that virtually all federal agencies have adopted. The proposed rules incorporate and build on general changes from the RFO class deviations, such as reorganizing the FAR Parts to follow the phases of the acquisition process, revising text to use plain language, and relocating examples of best practices a...

Although the law addresses numerous policy areas at the federal level, several of its components specifically address, or will indirectly affect, economic and social dynamics within the District. Below is a detailed discussion of the major elements likely to influence local residents, businesses, and governmental entities, along with the possible implications. One prominent section relevant to the District is the modification of certain individual tax deductions relating to state and local taxes (often referred to as SALT). Under the bill, the limitation on these deductions is extended and further refined, with the changes taking effect for taxable years beginning after December 31. This can significantly affect District taxpayers who typically pay higher local taxes. As the District of Columbia functions both as a city and a quasi-state for many federal legal purposes, these tax changes will alter the after-tax disposable income of residents. This adjustment may influence real estate...