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FAR Council Seeks to Require Federal Contractors to Report First-Tier Subcontractor Information, Including Potentially Executive Compensation Data

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The FAR Council published a Notice seeking public comments regarding its request to obtain approval from the Office of Management and Budget (“OMB”) of the “reinstatement” of a previously approved Information Collection Requirement (“ICR”) of certain first-tier subcontractor information. If approved, the ICR would require prime federal contractors to report to a publicly available federal contracting database information about (a) the contracts with their first-tier subcontractors, AND (b) potentially the compensation their first-tier subcontractors pay their top five executives.

Comments on the proposal proceeding under OMB Control Number 9000-0177 are due by July 23, 2024. You may submit your comments here

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See also  OFCCP Week In Review: June 3, 2024
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