FAC 2005-57: U.S./Korea Free Trade Agreement: Federal Rules and Notices Impacting Contractors

March 7, 2012

Federal Acquisition Circular 2005-57

The DOD, General Services Administration and NASA have published Federal Acquisition Circular (FAC) 2005-57 and its accompanying Small Entity Compliance Guide.

The circular is centered around an interim rule amending the Federal Acquisition Regulation to implement the United States-Korea Free Trade Agreement...

Foreign Arms Sales Notification

The Arms Control Act requires the DOD to notify Congress and the public of any proposed sales of major defense equipment sales worth over $1 million to foreign government...

Information Collection Requirement Extension

The Paperwork Reduction Act requires agencies to ask the Office of Management and Budget (OMB) to review and approve extensions of previously-approved information collection requirements on a variety of matters, many of which relate to acquisition...

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