FAR revisions to implement the comprehensive Iran Sanctions, Accountability and Divestment Act
06 October 2010Government Contracts Alert
On 29 September 2010, an interim rule was published, revising the Federal Acquisitions Regulations (FAR) to implement the government contractor certification requirements under the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA). All prime contractors with the United States Government will be affected by these FAR revisions. The new rule is applicable to all procurement contracts with the U.S. Government, including contracts at or below the simplified acquisition threshold of $100,000, contracts for the acquisition of commercial items and contracts for the acquisition of commercially available off-the-shelf (COTS) items offered to the U.S. Government. The interim rule is effective upon its publication in the Federal Register (i.e., as of 29 September 2010). The following is a summary of the provisions related to certifications that federal contractors need to make with respect to business dealings with Iran.