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Apparently out of concern about fraudulent or abusive use, OMB notified federal agencies late October 3 that it has rescinded the recently increased $250,000 limit on hurricane-related transactions that can be made using government purchase cards, returning to the original limits of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 | 6 min read | 08.14.25
Changes in Sunscreen Regulation & Litigation are Heating Up: Updates from Congress to the Courts
In an effort to update and modernize the FDA’s regulation of sunscreen, Representative John Joyce (R-Ohio) and a group of bipartisan members of Congress introduced in June the Supporting Accessible, Flexible, and Effective Sunscreen (SAFE) Standards Act. If enacted, the bill would establish a more flexible regulatory scheme at the FDA, decrease the cost in the approval process and expand the array of sunscreen available for purchase.
Client Alert | 3 min read | 08.14.25
DSIT's latest findings on AI, other emerging technologies and cyber security
Client Alert | 3 min read | 08.13.25
Client Alert | 3 min read | 08.13.25
Faster Audits, More ADR: IRS Rolls Out Significant LB&I Changes
