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FAR Council Finalizes Reporting Requirements for Executive Compensation and First-Tier Subcontract Awards


On July 26, 2012, the FAR Council issued a final rule requiring certain contractors to report executive compensation, first-tier subcontract awards, and executive compensation information for first-tier subcontractors for public release on the USASpending website. While the final rule is very similar to the interim rule issued on July 8, 2010, there is a substantive change to the definition of first-tier subcontract, and the preamble to the final rule contains extensive commentary to guide the implementation of the rule, including discussion of the application of the public company exemption.
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Angela B. Styles
Partner – Washington, D.C.
Phone: +1 202.624.2500

Peter Eyre
Partner – Washington, D.C.
Phone: +1 202.624.2807