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®: CRE Regulatory Action of the Week

OMB Publishes Fiscal Year 2016 Agency Inventories Under the FederalActivities Inventory Reform Act
The Federal Activities Inventory Reform (FAIR) Act, requires agencies to develop inventories each year of activities performed by their employees that are not inherently governmental functions. The FAIR Act further requires the U.S. Office of Management and Budget to review the inventories in consultation with the agencies. Once that review is complete, agencies are required to make the list available to the public, and OMB must publish a notice of public availability in the Federal Register.

In accordance with the FAIR Act, OMB has published Federal Register notice announcing the availability of inventories for Fiscal Year (FY) 2016. These inventories identify activities that are not inherently governmental and those activities that are inherently governmental. Interested parties who disagree with the agency's initial judgment may challenge the inclusion or the omission of an activity on the list of activities that are not inherently governmental within 30 working days of OMB's publication and, if not satisfied with this review, may appeal to a higher level within the agency.

Click here to read OMB's Federal Register notice.