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Apparently out of concern about fraudulent or abusive use, OMB notified federal agencies late October 3 that it has rescinded the recently increased $250,000 limit on hurricane-related transactions that can be made using government purchase cards, returning to the original limits of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 | 5 min read | 12.02.25
As we have reported previously, California has enacted a pair of climate-related reporting laws that apply to large entities doing business in California (SB 253 and SB 261, as modified by SB 219). This alert provides an update on only the most recent events; please see previous alerts for a broader overview of the laws’ requirements.
Client Alert | 11 min read | 12.01.25
Client Alert | 5 min read | 12.01.25
Client Alert | 6 min read | 11.26.25
From ‘Second’ to ‘First:’ Federal Circuit Tackles Obvious Claim Errors
