99-24419. Federal Acquisition Regulation; Compensation for Senior Executives  

  • [Federal Register Volume 64, Number 185 (Friday, September 24, 1999)]
    [Rules and Regulations]
    [Pages 51843-51844]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 99-24419]
    
    
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    DEPARTMENT OF DEFENSE
    
    GENERAL SERVICES ADMINISTRATION
    
    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
    
    48 CFR Part 31
    
    [FAC 97-14; FAR Case 98-301; Item X]
    RIN 9000-AI32
    
    
    Federal Acquisition Regulation; Compensation for Senior 
    Executives
    
    AGENCIES: Department of Defense (DoD), General Services Administration 
    (GSA), and National Aeronautics and Space Administration (NASA).
    
    ACTION: Final rule.
    
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    SUMMARY: The Civilian Agency Acquisition Council and the Defense 
    Acquisition Regulations Council (Councils) have agreed on a final rule 
    to implement Section 804 of the Strom Thurmond National Defense 
    Authorization Act for Fiscal Year 1999 (Pub. L. 105-261). Section 804 
    revises the definition of ``senior executive'' at 10 U.S.C. 2324(l)(5) 
    and at 41 U.S.C. 256(m)(2).
    
    EFFECTIVE DATE: September 24, 1999.
    
    FOR FURTHER INFORMATION CONTACT: The FAR Secretariat, Room 4035, GS 
    Building, Washington, DC, 20405, (202) 501-4755, for information 
    pertaining to status or publication schedules. For clarification of 
    content, contact Ms. Linda Nelson, Procurement Analyst, at (202) 501-
    1900. Please cite FAC 97-14, FAR case 98-301.
    
    SUPPLEMENTARY INFORMATION:
    
    A. Background
    
        The Councils published an interim rule in the Federal Register on 
    March 4, 1999 (64 FR 10547). The rule revised FAR 31.205-6(p) to 
    implement Section 804 of the Strom Thurmond National Defense 
    Authorization Act for Fiscal Year 1999 (Pub. L. 105-261). Section 804 
    revises the definition of ``senior executive'' at 10 U.S.C. 2324(l)(5) 
    and at 41 U.S.C. 256(m)(2) to be ``the five most highly compensated 
    employees in management positions at each home office and each segment 
    of the contractor'' even though the home office or segment might not 
    report directly to the contractor's headquarters.
        There were no public comments submitted in response to the interim 
    rule. Therefore, the Councils have agreed to convert the interim rule 
    to a final rule without change.
        This regulatory action was not subject to Office of Management and 
    Budget review under Section 6(b) of Executive Order 12866, Regulatory 
    Planning and Review, dated September 30, 1993. This rule is not a major 
    rule under 5 U.S.C. 804.
    
    B. Regulatory Flexibility Act
    
        The Department of Defense, the General Services Administration, and 
    the National Aeronautics and Space Administration certify that this 
    final rule will not have a significant economic impact on a substantial 
    number of small entities within the meaning of the Regulatory 
    Flexibility Act, 5 U.S.C. 601, et seq., because most contracts awarded 
    to small entities use simplified acquisition procedures or are awarded 
    on a competitive, fixed-price basis, and do not require application of 
    the cost principle contained in this rule.
    
    C. Paperwork Reduction Act
    
        The Paperwork Reduction Act does not apply because the changes to 
    the FAR do not impose information collection requirements that require 
    the approval of the Office of Management and Budget under 44 U.S.C. 
    3501, et seq.
    
    List of Subjects in 48 CFR Part 31:
    
        Government procurement.
    
        Dated: September 14, 1999.
    Edward C. Loeb,
    Director, Federal Acquisition Policy Division.
    
    Interim Rule Adopted as Final Without Change
    
        Accordingly, DoD, GSA, and NASA adopt the interim rule amending 48 
    CFR Part 31, which was published in the Federal Register on March 4, 
    1999 (64 FR 10547), as a final rule without change.
    
    
    [[Page 51844]]
    
    
        Authority: 40 U.S.C. 486(c); 10 U.S.C. chapter 137; and 42 
    U.S.C. 2473(c).
    [FR Doc. 99-24419 Filed 9-23-99; 8:45 am]
    BILLING CODE 6820-EP-P
    
    
    

Document Information

Effective Date:
9/24/1999
Published:
09/24/1999
Department:
National Aeronautics and Space Administration
Entry Type:
Rule
Action:
Final rule.
Document Number:
99-24419
Dates:
September 24, 1999.
Pages:
51843-51844 (2 pages)
Docket Numbers:
FAC 97-14, FAR Case 98-301, Item X
RINs:
9000-AI32: FAR Case 98-301, Compensation for Senior Executives
RIN Links:
https://www.federalregister.gov/regulations/9000-AI32/far-case-98-301-compensation-for-senior-executives
PDF File:
99-24419.pdf
CFR: (1)
48 CFR 31