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GSA Seeks Input on Acquisition Regulations, Including the Alphabet Soup of TDR, PRC, and CSP

Client Alert | 1 min read | 05.30.17

In accordance with President Trump’s continuing mandate to streamline federal regulations, GSA is seeking input on its acquisition regulations, policies, and guidance that may be appropriate for repeal, replacement, or modification. GSA is particularly interested in comments on less frequently addressed areas such as evergreen contracting, price adjustments, catalogs, utilities, construction, and facilities. However, GSA is also welcoming comments on bigger ticket items such as the recent Transactional Data Reporting (TDR) rule, the Price Reduction Clause (PRC), and the Commercial Sales Practice (CSP) format. Comments are due in late July, and will provide interested parties an invaluable opportunity to address a broad swath of GSA’s existing policies and practices. Indeed, with recent indications that compliance with TDR requirements may soon become optional, this request for input appears very well timed to assist GSA in making important decisions for the Schedule program going forward.

Insights

Client Alert | 4 min read | 08.21.25

FLSA Overtime Reporting and Withholding

The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025....