Proposed FAR rule would overhaul government-wide organizational conflict of interest coverage by imposing new disclosure obligations on industry but allowing agencies more flexibility to address conflicts

On 26 April, the Federal Acquisition Regulation (FAR) Councils issued a long-awaited proposed rule that, if adopted, would substantially revise the FAR's organizational conflict of interest (OCI) regulations. The Councils have framed the rule as an alternative to the extensive proposed OCI rule issued by the Department of Defense (DOD) in April of last year. There are many similarities between the two proposals. Both would overhaul the existing OCI regulations and move the rules to a separate part of the regulations related to "improper business practices" (FAR Part 3 and DoD FAR Supplement Part 203, respectively). The proposed FAR rule, however, deviates from the proposed DOD rule in several fundamental respects, as discussed below. The Councils have requested public comments (due 27 June) concerning which approach is preferable.

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