OMB Reverses $250,000 Micropurchase Cap
Client Alert | 1 min read | 10.05.05
Apparently out of concern about fraudulent or abusive use, OMB notified federal agencies late October 3 that it has rescinded the recently increased $250,000 limit on hurricane-related transactions that can be made using government purchase cards, returning to the original limits of $2,500 for normal purchases and $15,000 for contingency operations. In a related action, OMB has instituted new government-wide policies to reduce the risk of fraud, misuse, and late payments associated with use of the government-issued cards in "Improving the Management of Government Charge Card Programs," an appendix to OMB Circular A-123.
For more information, please visit: http://georgewbush-whitehouse.archives.gov/omb/circulars/a123/a123_appendix_b.pdf
Insights
Client Alert | 3 min read | 11.06.25
Executive Branch Focus on Federally Funded Inventions
In recent months the executive branch has indicated a willingness to assert control over intellectual property funded by federal research dollars in novel ways. This could potentially include leveraging its march-in rights under the Bayh-Dole Act.
Client Alert | 2 min read | 11.06.25
Key Takeaways to the State Attorneys General - Election Day 2025
Client Alert | 3 min read | 11.06.25
Supreme Court Oral Argument on Presidential Tariff Authority
Client Alert | 13 min read | 11.06.25
