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GSA Requests More Industry Feedback on Consolidation of Multiple Award Schedules

Client Alert | 1 min read | 07.03.19

In the latest round of market research for the consolidation of Multiple Award Schedules (MAS), the General Services Administration (GSA) is inviting industry feedback on the new schedule structure of large categories, subcategories, and Special Item Numbers (SINs).  This new structure is part of GSA's effort to reduce administrative burdens on contractors, streamline offerings, and improve order-level competition.  While maintaining the same goods and services as offered on current schedules, GSA has proposed to organize the new schedule by large categories and subcategories similar to the current government-wide category structure, rewrite category descriptions, and remap the SINs under existing Schedules.  GSA has left intact the existing Transactional Data Reporting Rule, all Small Business Set Asides SINS,  and special terms and conditions unique to specific SINS.  Industry comments are due by July 12.

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Client Alert | 2 min read | 02.28.25

FinCEN Pauses Fines and Penalties for Non-Compliance with Beneficial Ownership Information Reporting Deadlines

We previously reported that the Corporate Transparency Act’s Beneficial Ownership Information Reporting Rule (BOI Rule) was back in effect as of February 18, 2025, with a stay of the final nationwide block to enforcement. At that time, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) extended the BOI Rule’s reporting deadline until March 21, 2025 (in cases where the originally-applicable deadline had expired) for entities required to report, which includes certain entities formed or registered to do business in the United States (Reporting Companies). ...