CAS Board Adjusts Coverage Threshold
Client Alert | less than 1 min read | 06.14.07
The Cost Accounting Standards Board issued a final rule, effective June 14, 2007, adjusting the $500,000 threshold for contract coverage upward to $650,000 to be consistent with the threshold in the Truth in Negotiations Act (72 Fed. Reg. 32809). Apparently in response to comments from the Project on Government Oversight (POGO), the final rule (unlike the proposed rule published on December 15, 2005) does not increase the other CAS thresholds – such as the $7.5M “trigger” contract threshold and the $50M threshold for “full” CAS coverage and submission of a Disclosure Statement – because the CAS Board has determined that these are not “acquisition-related dollar thresholds” required to be adjusted for inflation under the FY05 Defense Authorization Act.
Insights
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NYC’s Mayor Mamdani Joins the Wave of Local Consumer Protection Enforcement
While state attorneys general have traditionally led consumer protection enforcement, local governments are increasingly deploying their own powers to prosecute high-stakes affirmative litigation. The results speak for themselves: Los Angeles and Chicago have secured multi-million-dollar judgments and settlements in consumer deception cases over the past decade.
Client Alert | 1 min read | 02.23.26
SCOTUS Tariff Decision: Implications for Retail and E-Commerce
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UK Government Seeks Evidence on Ownership and Control in Financial Sanctions Regulations
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